Answer: it’s no they do not qualify because their yearly income is above the median annual income of Florida and they are ineligible According to the mean test
Explanation:
Apex
When you purchase the exact same office supplies you purchased in the previous quarter, you are making a straight rebuy.
<h3>What is a straight rebuy?</h3>
This is the type of purchase that a customer is known to buy that is in the same quantity and the same terms as the goods from the same supplier.
The perfect example of this is that people are known to visit the same coffee shop daily to make the same purchase.
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Answer: Barr Co.
Explanation:
Merchandise in transit refers to the merchandise which has already left the seller's shipping dock but hasn't gotten to the buyer's shipping dock.
In this case, since Barr Co. shipped the $12,500 of merchandise FOB destination to Lee Co and the goods have gotten to Lee Co, the company that they should include the $12,500 of merchandise in transit as part of its year-end inventory is Barr Co.
Answer:
debit for 50,779
Explanation:
the actual overhead will be debited which is composed by the actual cost associate with the production department which aren't direct materials or labor.
property taxes 10,000
injury insurance 8,400
building insurance 3,820
utilities 1,306
equipment dep 12,680
building dep 14,573
actual overhead 50,779
Under The Statements On Standards For Tax Services, A CPA May Recommend A Tax Return Position If The Position Is Frivolous And The Position Is Not Disclosed On The Tax Return. Standards for Tax Services, a CPA may recommend a tax return position if the position is frivolous and the position is not disclosed on the tax return. This statement is false.
A taxpayer wants to take a position on a tax return that the CPA determines is frivolous. However, the CPA and the taxpayer determine that the possibility of the return being selected for audit is remote and that even if the return is selected for audit the issue most likely will not be raised.
- Cannot sign or prepare the return .
The CPA concludes that a taxpayer's desire to comment on a tax return is frivolous. However, the CPA and the taxpayer come to the conclusion that it is unlikely that the return will be chosen for audit and that, even if it is, the matter most likely won't be brought up.
- A taxpayer is anybody who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies.
- A tax return is one or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data. Tax returns provide taxpayers the option to determine their tax burden, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.
Complete question: Under The Statements On Standards For Tax Services, A CPA May Recommend A Tax Return Position If The Position Is Frivolous And The Position Is Not Disclosed On The Tax Return. True Or False? This problem has been solved! See the answer Under the Statements on Standards for Tax Services, a CPA may recommend a tax return position if the position is frivolous and the position is not disclosed on the tax return. True or False?
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