Answer:
$580 billion
Explanation:
Given that
GNP = $600 billion
Receipts of factor income from the rest of the world = $50 billion
Payments of factor income to the rest of the world = $30 billion
So, The computation of the GDP is shown below:
= GNP - Receipts of factor income from the rest of the world + Payments of factor income to the rest of the world
= $600 billion - $50 billion + $30 billion
= $580 billion
Answer to this Question is B): Using Google as a main reference for tax law determinations
Explanation:
When we do quality review then we have to go through couple of processes, we are engaged in many activities and tasks which certainly includes, comparing it with the original source documents provided to us by the taxpayer so the discrepancies can be removed and sorted out. We also use 13614-C form's Part VIII as a guide document so we can do a quality review effectively but the only thing we don't do (from the available options here) is not using Google at all in any form here for a quality review either not using it as a reference for tax law determinations as well, therefore, answer to this question is B.
Answer:
If the asset’s book value exceeds the proceeds received from disposal by sale, the company records a gain.
Explanation:
All of the other options are true except for this option;
If the asset’s book value exceeds the proceeds received from disposal by sale, the company records a gain.
It is expected that the company should record a loss rather.
Hence, If the sales of a plant asset exceeds its book value, the company records a gain.
Maybe the adjusted book balance is $45 not sure
