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Nikitich [7]
1 year ago
15

The two functions of financial accounting are to measure business activities and prepare tax returns. True or false

Business
1 answer:
Schach [20]1 year ago
6 0

The two functions of financial accounting are to measure business activities and prepare tax returns. FALSE

<h3>What is a Tax return?</h3>
  • A tax return is a document submitted to a taxing body that lists earnings, outlays, and other pertinent financial data.
  • Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.
  • Tax returns must typically be filed yearly.
  • In the United States, tax returns including data necessary to compute taxes are filed with the Internal Revenue Service (IRS) or with the state or local tax collecting agency (Massachusetts Department of Revenue, for instance).
  • The IRS or another applicable authority's forms are often used to complete tax returns.

To learn more about Tax return, refer to the following link:

brainly.com/question/27300507

#SPJ4

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re-order time = total period / Number of orders = 1 year /12

= 1 month

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You deposit $4000 into a savings account. the account earns 2.75% simple interest. how long will it take to earn $220 in interes
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Simple interest means that you only need to find the interest once and then keep adding it on every year. In this case, the interest would be 2.75% of $4000 every year, which is 110. 

In 2 years, you'll have 220 because every year you gain 110 in interest.
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