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3 years ago

How would a good recordkeeping system help during a tax audit?

Business

2 answers:

cricket20 [7]3 years ago

6 0

It would help keep the person organized

FromTheMoon [43]3 years ago

4 0

It would keep all the files in place. Many people do their taxes so this would be good.

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Because chains are so important in the lodging sector, there's little room for smaller companies like bed-and-breakfasts. true f

Len [333]

Answer:

True

Explanation:

5 0

2 years ago

Parent sold land to its subsidiary resulting in a gain in 2016, the year of transfer. The subsidiary sold the land to an unrelat

hodyreva [135]

Answer:

a) A gain will be recognized in the consolidated income statement in 2019.

Explanation:

As the land is sold to a subsidiary it will be considered intra-entity thus, eliminated in the consolidated income statement of 2016

the gain of both entities (from parent to subsidiary and to subsidiary to third party) will be recognized at 2019 when an external entity purchases the land

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4 years ago

Cullumber Products plans to produce 10200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound. Wh

yKpoI14uk [10]

Answer:

Standard direct material cost= $306,000

Explanation:

Giving the following information:

Cullumber Products plans to produce 10,200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound.

First, we need to calculate the standard pounds needed:

Standard pounds of plastic= 10,200*6= 61,200 pounds

Now, the standard cost:

Standard direct material cost= 61,200*5

Standard direct material cost= $306,000

3 0

3 years ago

Suppose the interest rate is 3.8 %. a. Having $ 500 today is equivalent to having what amount in one year? b. Having $ 500 in o

Sliva [168]

Answer:

a. $519

b. $481.69

c. $500 Today

Explanation:

a. Computation of amount in one year

= $500 × 1.038

= $519

for computing the 1.038 (1 + 1.038)

b. Computation of amount of today

= $500 ÷ 1.038

= $481.69

c. $500 today

No, because today I have money and it will not depend on when I need the money. I can earn interest and invest the amount till the time I need the money actually.

4 0

3 years ago

In a unionized firm, the _____ clause of the collective bargaining agreement typically retains for management the authority to i

solmaris [256]

The answer is: "management rights" .
_________________________________________________________
"In a unionized firm, the  management rights  clause of the collective bargaining agreement typically retains for management the authority to impose reasonable rules for workplace conduct and to discipline employees for just cause."
_________________________________________________________

5 0

4 years ago