Answer:
Both the tax practioner and the assessee will be liable for penalties under IRS 6695(a)
Explanation:
When a tax preparer is paid to arrange the tax return of a client they must follow preparer due diligence laws.
This is the case when the preparer is trying to get a refund of earned income tax credit, child tax credit, American opportunity tax credit, or filing of head of household status.
The effect on the tax preparer's client include:
- refund of amounts collected in error because of wrong return
- a two year ban from claiming credits if error is due to recklessness
- a ten year ban if error is as a result of fraud
The consequences for the tax preparer includes:
- for each requirement not met a $500 penalty
- suspension from the IRS e-file
- a ban from tax preparations
- in cases of fraud criminal charges can be made
Answer: Yes, although the salesperson did not make any express warranties, the UCC imposes an implied warranty of merchantability under which the rotisserie is guaranteed to be fit for the ordinary purposes for which it is used.
Explanation:
From the information given, we can infer that Mason has a recourse. Even though the salesperson did not make any express warranties, it should be noted that the UCC imposes an implied warranty of merchantability and hence, the rotisserie will be guaranteed to be fit for the purposes ordinarily for which it is used.
Therefore, the correct option will be D.
Answer:
Time Enough is a question mark.
Explanation:
In the BCG growth matrix, question marks are those firms that have a low market share, but that are growing, however, it is still uncertain where said firms will stand in the future.
Time Enough is a question mark because while the firm's earnings have been usteady, there is still evidence that the firm is growing, so the firm could become a star or a cash cow in the future.
The total of the balances in the creditors accounts should agree with the balance of, "<u>the Accounts Payable account in the general ledger</u>."
We balance the accounts payable in the general ledger because it serves as a check to ensure that for every transaction, a debit recorded in one ledger account has been matched with a credit in another. If there is a double entry, the total of the debit balances should always equal the total of the credit balances.
Hence, the purpose of the accounts payable ledger and its subsidiary accounts is to display a company's debt to each of its suppliers, creditors, or vendors in a spreadsheet to more accurately track the data.
To learn more about accounts payable ledger here:
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Answer:
See explanation below.
Explanation:
It is important to note that from 1830-1900 migration in America increased especially on the coasts with immigrants who came from other countries in search of a better life. We will show some of the most important events associated with external and internal migration.
External migration increased by the discovery of gold on the west coast and opportunities across the country. In 1982 there was an important event called "Chinese exclusion law", this was the first law implemented to prevent all members of a specific ethnic group (Chinese women) from immigrating in the United States.
Internal migration was influenced by the mining industry throughout the country, the discovery of gold and silver. The native people of America moved from their original land to another. Another important event was "The Homestead Act" in 1862, with this the government provided any adult citizen who could stay for 5 years an amount of 160 acres for the cultivation of this land