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oksano4ka [1.4K]

3 years ago

5

When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You sho

uld ask the taxpayer if they had any other interest income.
a. True.
b. False.

1 answer:

Olenka [21]3 years ago

7 0

Answer:

True

Explanation:

yes it is true that you should ask the taxpayer if they had any other interest income to avoid double taxation elsewhere

You might be interested in

Corporate strategy for a diversified or multi-business enterprise chiefly concerns the development of a strategic vision a set o

harkovskaia [24]

Answer:

Corporate Strategy

Corporate strategy for a diversified or multi-business enterprise:

"concerns strategy initiatives to establish business positions in different industries, whether to hold or divest from existing businesses, strategic actions to boost the combined performance of the set of businesses the company has diversified into, and how to capture cross-business synergies, and then turn them into a competitive advantage."

Explanation:

Corporate strategy is concerned with market growth, stability, and organizational renewal. The purpose of corporate strategy is to achieve greater profitability, higher market share, and sustainable growth in revenue through product and market diversification. A corporate organization, in trying to grow, engages in business restructuring, establishing strategic partnerships, and achieving organizational excellence. These activities emanate from corporate strategic planning.

6 0

2 years ago

You are analyzing an office building to determine if it make sense to build it. the building and site improvements cost $145 and

Sophie [7]

Answer:

market net operating profit per square foot = $8.80

Explanation:

total investment = $145 per square foot

the investor requires a 6% rate of return = $145 x 6% = $8.70 per square foot

total revenue per square foot = $11

proportional market vacancy and credit loss = $11 x 5% = ($0.55)

<u>other expenses = $11 x 15% = ($1.65) </u>

market net operating profit per square foot = $8.80

The project should be carried out since the net operating profit is larger than the investor's required rate of return.

7 0

3 years ago

Zinc, Inc. has 10,000 shares of $5 par, 5% preferred stock, and 5,000 shares of $10 par common stock issued and outstanding. If

Anna11 [10]

Answer:

A. 2500

Explanation:

10,000 shares x $5 x .05= 2500

8 0

3 years ago

Coronado Inc. had beginning inventory of $12700 at cost and $20900 at retail. Net purchases were $113930 at cost and $158500 at

aalyn [17]

Answer:

<u><em>Ending Inventory:</em></u> <em>21,267.70</em>

Explanation:

cost retail

beginning 12,700 20,900

purchases 113,930 158,500

markups 9,600

markdowns (7,400)

total 126,630 181,600

inventory to retail ratio: 126,630 / 181,600 = 0.6973

sales revenues 151,100

COGS: 151,100 x 0.6973 = 105,362.30

<u><em>Ending Inventory:</em></u> 126,630 - 105,362.30 = <em>21,267.70</em>

3 0

3 years ago

Direct Materials Variances Bellingham Company produces a product that requires nine standard pounds per unit. The standard price

Amanda [17]

Answer:

The correct answer is:

(a) -7783

(b) 6800

(c) -983

Explanation:

According to the given values in the question:

(a)

The price variance will be:

= $(8.5-8.93)\times 18100$

= $-0.43\times 18100$

= $-7783$ (Favorable)

(b)

The quantity variance will be:

= $(2100\times 9-18100)\times 8.5$

= $(18900-18100)\times 8.5$

= $800\times 8.5$

= $6800$ (Unfavorable)

(c)

The cost variance will be:

= $(2100\times 9\times 8.5)-(18100\times 8.93)$

= $(160650)-(161633)$

= $-983$ (Favorable)

4 0

2 years ago