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1 year ago

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:

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Answer:

Increase; decreasing

Explanation:

Grants are specific amounts of money given to entities by government, individuals, organizations for a specific purpose in which the entity given the money doesn't pay back.

Loans are specific amounts of money, properties and the likes given to entities in exchange for future repayment in loan value along with interest.

When there are increases in the loan and grant for college expenses, there would be an increase in the number of graduates. But an increase in the number of graduates reduces the amount available for each graduate, thus decreasing wages paid to college graduates.

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3 years ago

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Answer:

Explanation:

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3 years ago

Investors, when calculating the present value of a bond's future cash flows (i.e, when valuing a bond), technically use which on

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Answer:

b. yield to maturity

Explanation:

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3 years ago

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Answer:

Increase by $31,500

Explanation:

Calculation to determine the operating income

First step is to calculate the Total relevant cost

DIFFERENTIAL ANALYSIS

MAKE BUY

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Purchase cost $0 (2100*76) = $159,600

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Therefore Buying the valves from the outside supplier instead of making them would cause the company's operating income to: Increase by $31,500

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3 years ago

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3 years ago