1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
galina1969 [7]
3 years ago
10

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

Business
1 answer:
liubo4ka [24]3 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 objective of financial reporting include all of the following except to provide information that Group of answer choices is
Maslowich

Answer:

is useful to the IRS in assessing taxes to business entities.

Explanation:

The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

The objective of financial reporting include all of the following to provide information that:

1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.

2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends  or interest.

3. Is useful to creditors in making decisions about providing resources to business entities.

In conclusion, the financial report is not useful to the Internal Revenue Service (IRS) in assessing taxes to business entities.

8 0
3 years ago
Jason rents rooms in his hotel for an average of $100 per night. the variable cost per rented room is $20. his fixed costs are $
Gnom [1K]
<span>sales volume=(fixed cost+target profit)/benefaction per unit =(100,000+20,000)/(100-20) =(120,000/80) =1500</span>
6 0
3 years ago
Job destroyer? ~ The Wellcome Global Monitor is the world’s largest study into how people around the world think and feel about
Nataly [62]
Para o de inglês para comer de inglês para comer para
4 0
2 years ago
What do economists mean by the demand for​ money? A. It is the amount of moneylong dashcurrency and checking account depositslon
svetoff [14.1K]

Answer:

 It is the amount of moneylong dashcurrency and checking account depositslong dashthat individuals hold.

Explanation:

6 0
3 years ago
Read 2 more answers
Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $469,000. The asset is expected to have a service lif
marissa [1.9K]

Answer:

to calculate depreciation using the sum-of-the-years'-digits method:

n(n+1) divided by 2 = [12(13)] / 2 = 78

depreciable value = cost - salvage value = $469,000 - $40,000 = $429,000

  1. depreciation year 1 = 12/78 x $429,000 = $66,000
  2. depreciation year 2 = 11/78 x $429,000 = $60,500
  3. depreciation year 3 = 10/78 x $429,000 = $55,000

the formula used to calculate depreciation using the double-declining-balance method is:

2 x cost of the asset x depreciation rate

  1. depreciation year 1 = 2 x $469,000 x 1/12 = $78,167
  2. depreciation year 2 = 2 x ($469,000 - $78,167) x 1/12 = $65,139
  3. depreciation year 3 = 2 x ($390,833 - $65,139) x 1/12 = $54,282
6 0
3 years ago
Other questions:
  • Which of the following transactions adds to U.S. GDP for 2006?
    6·1 answer
  • If Hazel decides to sell the best ice cream on earth, and intends to establish a strong ethical climate in her organization, dur
    13·1 answer
  • Virginia Supply offers their customers trade credit with terms 2/15, net 30. This implies that: Virginia's customers have very l
    10·1 answer
  • Gina loaned Tom $50,000. Tom signed a note the terms of which called for monthly payments of $2,000 plus 6% interest on the outs
    9·1 answer
  • Annual compounding pays more money than daily compounding. (true or false)
    14·1 answer
  • Explain why the offer in the following facts has EITHER been revoked or has been accepted (It is only one or the other): Bonnie
    12·1 answer
  • Pilgrim Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under
    8·1 answer
  • What advice or tips would you give Mr. Youngher as he prepares for other interviews? He should learn to appreciate the power of
    14·1 answer
  • Write a reflection about your learning in this unit. Your reflection should be at
    14·1 answer
  • What are the keys to active learning ?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!