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Firdavs [7]
2 years ago
15

Bob, CPA, has a client with a strong belief that he is correct about an aggressive but creative tax position. Bob thinks otherwi

se and has documented his position. Bob files the tax return as his client wishes but also includes disclosure on his client's position. There is no substantial authority on this tax position. The client agrees with Bob that the position should be disclosed to the __________
Business
1 answer:
yKpoI14uk [10]2 years ago
5 0

Answer:

IRS ,AICPA Statements on Standards for Tax Services.

Explanation:

From the question, we are informed about Bob, that has a client with a strong belief that he is correct about an aggressive but creative tax position.

and how Bob files the tax return with disclosure on his client's included.

In the case of agreement on the disclosure of the position, then it should be disclosed to IRS. which is a form of Statements on Standards for Tax Services.they are responsible for quality control as far as tax is concerned.

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The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expe
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Answer:

Net Income = $1,250

Explanation:

Benning Co.

Income Statement

For the Month Ended July 31, 2010

Particulars                             $                     $

Revenues                                                6,000 (1)

Expenses:

Wages Expense               2,600 (2)

Supplies Expense            1,000 (3)

Utilities Expense                600

Insurance Expense            400

Depreciation Expense       150

<em>Total expenses                                 </em><u><em>      4,750   </em></u>

Net Income                                            $1,250

<u><em>Note:</em></u>

1. Revenues = 5,500 + 500 (Adjustment 5) = $6,000

Performed services not recorded will add.

2. Wages expense = $2,300 + 300 (Adjustment 3) = $2,600

Accrued wages not paid will add to the wages expense.

3. Supplies Expense = $1,200 - 200 (Adjustment 2) = $1,000

Supplies expense includes supplies on hand will decrease the supplies expense.

3 0
3 years ago
You work for a company that has a form where people can request a free consultation. You want to create a list of people in your
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Answer:

(A) Saved filters

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Saved filters allow you to quickly view a segment of your database right from the contacts, companies, deals, or tickets dashboard. You can use any default or custom property in your HubSpot account to segment your contacts using saved filters. Contacts will be added or removed from saved filters automatically based on whether or not they currently meet the criteria you've set.

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3 years ago
In processing orders, an operations professional sees that a customer purchased $24,999 in mutual fund shares today. The operati
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The answer is: Breakpoint Sale

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A breakpoint sale  violation occurs when a RR sells mutual fund shares to a client and doesn't disclose reduced sales charges that the client would qualify for if they had bought just a few more shares. In this case the client could have qualified for a discount if he had just bought one more share, and could have saved money instead of paying higher charges.

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2 years ago
​ object responsibility is important because it helps to decide what methods are assigned to what classes.
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It's not so much an important of trust, but preferably one of managing complexity. Software Engineering Stack shifted a question and answer site for professionals. academics, and students working within the systems development life around. Private adaptable help averts people from a hinge on certain parts of your code.
8 0
3 years ago
At the time of his death on July 9, Aiden held rights in the following real estate: Fair Market Value (on July 9) Apartment buil
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Answer:

The answer is \$1,200,000"".

Explanation:

\to [\$500,000 (\frac{1}{3} \times \$1,500,000) + \$250,000 (\frac{1}[3}  \times \$750,000 + \$450,000 (\frac{1}[2}  \times \$900,000]\\\\\\to \$1,200,000

Though this tree farm is jointly held, Aiden is assumed to have given 1/3 of the treatment because his mother gave her a gift to create the lease. The tenancy of the major chunk is subjected to the fifty percent spouse exclusion rule. None of the structures is included as Chloe does not escape Aiden.

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