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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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Assume that Wilkins issued 13,000 shares of common stock with a $5 par value and a $46 fair value for all of the outstanding sha
-Dominant- [34]

Answer: $593000; $250000

Explanation:

The consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2021 balances) as a result of this acquisition transaction will be calculated thus:

Additional paid in capital will be:

= $60000 + ([46-5] × $13000)

= $60000 + (41 × $13000)

= $60000 + $533000

=$593000

Retained earnings will the value of the parent's retained earnings only which will be $250000

3 0
3 years ago
A netbios name does not need to be unique on a network. <br> a. True <br> b. False
snow_lady [41]

The statement "A NetBIOS name does not need to be unique on a network." is false. The answer is letter B. NetBIOS is the process of productively transforming a NetBIOS name to an IP address. A NetBIOS name is a 16 - byte address that is used to recognize a NetBIOS supply on the network. It must be a unique name, must be a particular process that is selective on a particular computer that might address multiple processes on multiple computers. An example would be the File and Printer sharing of Microsoft software. When the computer starts, the File and Printer Sharing catalogues a unique NetBIOS name constructed on the name of the computer. It must have 15 characters including the spaces for a specific name.

5 0
4 years ago
why is mutual fund investing a good idea for retirement, but not for your emergency fund or short-term savings?
Phoenix [80]

Investing your emergency fund into a mutual fund is not a good idea because mutual funds are unpredictable, and you can lose your emergency fund.

<h3>What are mutual-funds?</h3>

Mutual funds are the investment pool, where money is invested by many people ad than in profit, all people gain the profit and in loss people lose their money.

Investors buy shares in the mutual funds and combined called as portfolio.

Thus, Investing your emergency fund into a mutual fund is not a good idea because mutual funds are unpredictable, and you can lose your emergency fund.

Learn more about mutual-funds

brainly.com/question/9965923

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7 0
2 years ago
Ronnie's Coffee House is considering a project which will produce sales of $6,000 and increase cash expenses by $2,500. If the p
Inessa05 [86]

The amount of the operating cash flow using the top-down approach is<u> $2,200</u>.

<u>Explanation</u>:

<em><u>Given</u></em>:

Sales of production= $6,000

Increase in cash expenses= $2,500

Increase in tax= $1,300

Additional depreciation expense= $1,000

Initial cash outlay= $2,000

Operating cash flow= Sales of production- Increase in cash expenses- Increase in tax

OCF = 6,000-2,500-1,300

       = $2,200

So the amount of the operating cash flow using the top-down approach is $2,200.

3 0
3 years ago
Government is typically a​ ________.
xxTIMURxx [149]
Answer: D. net demander of funds because it borrows more than it saves

The government incurs more debts than gain profits as shown by most financial reports. The government is viewed similarly to that of business firms being net demanders by loaning huge amounts to financial institutions indirectly. The indirect borrowing done by government is done through debt security selling. 
8 0
3 years ago
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