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Nimfa-mama [501]
3 years ago
13

Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA:

Business
1 answer:
Aleksandr-060686 [28]3 years ago
7 0

Answer:

c. Must have a good faith belief that the tax return position has a realistic possibility of success if challenged by the IRS

Explanation:

Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA

we know that

Giving assessment administrations is on the standard premise that it has a decent confidence conviction that the government form position can be supported whenever tested

therefore

option c is correct

c. Must have a good faith belief that the tax return position has a realistic possibility of success if challenged by the IRS

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Instagram lets you engage with people.

Explanation:

you can comment on peoples posts and get to know them by messaging them.

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4 years ago
Read 2 more answers
Sargent Corporation applies overhead cost to jobs on the basis of 70% of direct labor cost. If Job 210 shows $10,500 of manufact
frosja888 [35]

Answer:

labor cost = 15,000

Explanation:

We are going to use the formula for applied overhead and solve for the cost driver, which in this case is labor cost.

labor\: cost \times rate = applied \: overhead \\applied \: overhead \div rate = labor\: cost

labor cost * 0.70 = 10,500

10,500/0.70 = labor cost

labor cost = 15,000

5 0
3 years ago
The value of a levered firm will be greater than the value of an identical unlevered firm because the levered firm's taxes will
Alex

Answer:

lower is the correct answer.

Explanation:

6 0
3 years ago
Consulting firms are frequently characterized according to whether their primary skill is strategic planning or tactical analysi
jarptica [38.1K]

Answer:

The correct answer is (A) True.

Explanation:

Increase profitability, adapt to trends, reduce expenses, maximize production, optimize processes, improve positioning, develop the potential of human resources and achieve the long-awaited business success, are some of the advantages offered by consultancies. We could summarize four types of consulting:

1) Strategic consulting

This type of consulting is important to help owners, managers and managers in general, to have the necessary tools to solve their problems and maximize efficiencies, at a general organizational and strategic level.

2) Economic-financial consulting

The economic-financial analysis is present in any important decision that a company must make. This type of consulting helps the entrepreneur to know and analyze their own balance sheets and operating accounts, to make sense of operational decisions. Feasibility studies and investment analysis are also essential in any decision to initiate economic activity, organizational changes, diversification processes, outsourcing of services, international expansion, reduction of operating units, etc.

3) Marketing and marketing consulting

If you do not have your own marketing area, this type of consultancy will be ideal to meet this type of needs. Marketing consulting is an excellent way to give the organization help on the following topics:

4) Specialized consulting

This type of consulting requires experts who are recognized in this field to be able to provide this service.

8 0
4 years ago
Andy Hiking produces backpacks. In the previous year, its highest and lowest production levels occurred in July and January, res
8_murik_8 [283]

Answer:

Variable cost= $73.50

Explanation:

The high low method is used to get the fixed and variable cost of a business activity given limited data. It involves taking the highest and lowest points, then comparing the total cost at these points.

We use the following formula

Variable cost= (Highest activity cost - Lowest activity cost)/ (Highest activity unit - Lowest activity unit)

Variable cost= (207,250- 97,000)/ (5,900-4,400)

Variable cost= 110,250/ 1,500

Variable cost= $73.50

6 0
3 years ago
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