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olga_2 [115]
3 years ago
8

A member of the aicpa who is engaged to prepare an income tax return has a duty to prepare it in such a manner that the tax is _

__________
Business
1 answer:
mart [117]3 years ago
3 0

Based on the given statement above, if the member is engaged to prepare an income tax return, he or she is likely to make the tax to be at its legal minmum as this is the standard required for the member to give out or deliver when asked of preparing the income tax return. The legal minimum is the smallest limited amount that they should provide in the income tax return that they should prepare of.

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Another term for "food poisoning" is?
disa [49]

Answer:

botulism. salmonella.

Explanation:

7 0
3 years ago
Read 2 more answers
1. Determine whether a $100,000, 3-month T-Bill selling at $97,645 or a 10%, semi-annual coupon bond selling at par has the grea
stiv31 [10]

The 10% semi-annual coupon bond selling at par has the greater effective annual return than the $100,000, 3-month T-Bill selling at $97,645.

<h3>Data and Calculations:</h3>

T-Bill:

Face value of T-Bill = $100,000

Present value of the T-Bill = $97,645

Effective yield rate = 9.65% ($2,355/$97,645 x 100 x 12/3)

Bond:

Face value of bond =$100,000

Interest = 10% semi-annual

Present value of the bond = $104,761.90

Effective yield rate = 9.80%

Thus, the 10% semi-annual coupon bond selling at par has the greater effective annual return than the $100,000, 3-month T-Bill selling at $97,645.

Learn more about Bonds and T-Bills at brainly.com/question/15394251

4 0
3 years ago
Last month a manufacturing company had the following operating results: beginning finished goods inventory - $84,000; ending fin
prohojiy [21]

Answer:

A) $429,000

Explanation:

For computing the cost of goods manufactured for the month, we have to use the formula which is displayed below:

= Sales - Gross profit + ending finished goods inventory - beginning finished good inventory

= $505,000 - $63,000 + $71,000 - $84,000

= $429,000

All items which are mentioned in the question are to be considered in the computation part.

3 0
4 years ago
he net income of the Travis and Tucker partnership is $125,000. The partnership agreement specifies that profits and losses will
frosja888 [35]

Answer:

The balance of Tucker's Capital account at the end of the year after profits and losses have been distributed is <u>$412,500</u>

Explanation:

The capital account of a partner in a partnership is an account that shows the equity ownership of that particular partner in the partnership.

The capital of a partner in the partnership is increased by additional cash capital or asset contribution, salary, share of profit, etc., while the capital is reduced by drawing, interest on drawing, share of loss, and others.

The balance of Tucker's Capital account at the end of the year after profits and losses have been distributed can be calculated as follows:

Tucker's Capital account

<u>Particulars                                                $          </u>

Beginning balance                            325,000

Salary                                                  150,000

Share of partnership loss (w.2)      <u>   (62,500)  </u>

Ending balance                             <u>     412,500   </u>

Working:

1. Partnership profit (loss) to distribute = Net income - partners' salaries = $125,000 -  $100,000 - $150,000 = ($125,000)

2. Share of profit (loss) = ($125,000) / 2 = ($62,500)

6 0
4 years ago
Alpha Company, a business firm based in California, advertises its products on the Web to customers in all 50 states. In which o
kolbaska11 [484]

Answer:

b. Alpha conducted substantial business with New Jersey residents through its Web site.

Explanation:

If Alpha conducted substantial business with any person living or being in New Jersey while doing so, then a New Jersey court will have jurisdiction over Alpha's business. A company can interact with its customers, for example, provide customer service for free, but if it makes business in the state, then it falls under the jurisdiction of the state.

6 0
3 years ago
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