Answer:
If partner owned computers or IRS loaned computers or printers are lost or stolen, the partner is required to notify the IRS _immediately____. Partners should provide all information that is readily available to the local SPEC Territory Office.
Explanation:
All incidents of stolen and lost equipment must be reported to the IRS immediately, at least a day after the incident is reported. As part of the condition for the IRS-loaned equipment, partners are expected to report incidents of stolen and lost equipment not later than the next business day after the confirmation of the incident. If the lost or stolen equipment contained taxpayer PII data, the partner must report the loss of PII data based on the data breach guidance. This is why it is necessary to safely keep some information pertaining to the equipment, including the serial number, make, barcode, etc.
Answer:
$665,500
Explanation:
The computation of ending retained earning balance is shown below:
The ending retained earnings balance = Opening retained earning balance - cash dividend declared - overstatement of inventory error + net income - stock dividend declared
= $539,000 - $119,000 - $39,500 + $344,500 - $59,500
= $665,500
We simply added the net income and the rest of the items are deducted to find out the ending retained earning balance
Answer:
when you flip you buy at a low price, fix it up then sell at a higher price for profit. usually in less than 6 months.
