All categories

4 years ago

Indicators of a possible asset or income concealment include all of the following except:

Business

1 answer:

liubo4ka [24]4 years ago

3 0

Answer:

The correct answer is D

Explanation:

The following are the possible assets or income concealment and that are as follows:

1.Travel to off-shore the tax havens or the locations which allow secret bank accounts

2. Damaged, missing or inaccurate records.

3. Unusual or rapid or fast reduction in assets

4. Unusually unexplainable or large payments to the vendors

5. Rise in the operating losses which are not explained by the economic factors.

6. Various transactions are made in cash, that are normally made on account.

You might be interested in

The IRS has the authority to assess a monetary penalty to who

asambeis [7]

the IRS has the authority to impose penalties on tax professionals.

The IRS is the Internal Revenue Service unit for the United States, which is in charge of collecting federal taxes in the United States and overseeing the Internal Revenue Code, the principal section of federal statutory tax legislation.

It is a division of the Treasury Department and is run by the Commissioner of Internal Revenue, who is picked by the US President for a five-year term. Among the responsibilities of the IRS are helping taxpayers with their taxes, pursuing and resolving cases of incorrect or fraudulent tax files, and managing a number of benefit programs, including the Affordable Care Act.

To know more about IRS :
brainly.com/question/28298661

#SPJ1

5 0

1 year ago

The use of simulation to create an aggregate plan:

12345 [234]

Answer:

Answer is option b i.e. will produce a plan that may not be the best plan.

Explanation:

Simulation is the technique used to create an artificial environment that is similar to the real-life situation to study various problems and how to tackle them. However, it is not the full proof plan which means it is based on certain probability and chances that a certain situation might arise. Many times situations are not as planned and here we cannot solely depend on the solution that we have learned during the simulation process. Therefore, the simulation will provide us with a plan that may or may not be the best plan.

6 0

3 years ago

Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he

Blizzard [7]

Answer:

Holder in due course

Explanation:

A holder in due course arise when someone accepted the negotiable instrument for exchange in the value without any kind of reason. In this, there is a right for claim the value of an instrument that oppose to the orginator and the intermediate holders

So as per the given situation, Lary is holder in due case as he is holding the check in the good faith also he is not aware of the last theft

6 0

3 years ago

Rita is a customer service representative who is working toward a resolution with an unhappy customer. She has already set the t

Minchanka [31]

Answer:

work toward possible solutions

5 0

3 years ago

Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in con

White raven [17]

Answer: The correct answers are "decrease" and "decrease".

Explanation: Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in consumption. All else equal, if the government decided to impose a tax on soda, the equilibrium quantity of soda would <u>decrease</u> and the equilibrium price of soda would <u>decrease.</u>

4 0

3 years ago