Key Characteristics to Look for In the Balance Sheet
I’m looking for key characteristics to look for in the balance sheet, income statement and ratios for telecommunications, life insurance, mining, electrical utility, branded consumer foods, research and information services, shoe manufacturer, enterprise software, airline, automotive, online retailer, pharma, enterprise software, oil and gas, retail, automotive companies. If someone could help me out that would be great. I need to look at the statements and identify which is which.
Case 1 Allen was just drafted as a professional baseball player for the Wisconsin Blackbirds, a new team in the National League. Allen is a Wisconsin resident. He was told by some teammates that he should contact a tax professional regarding “duty days” and state taxable income. He will be playing one game in Los Angeles and one in Pennsylvania this season.
He wants to know what a “duty day” is and whether it affects his state taxable income. Will he have to pay state taxes in California and in Pennsylvania? Is there a difference in how California and Pennsylvania determine taxable income for nonresidents? Is there a different treatment for different sports for either state?
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