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denpristay [2]
3 years ago
9

Tax return preparers may generally rely on a client's representations without verification unless:

Business
1 answer:
Valentin [98]3 years ago
4 0

Answer:

Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.

Explanation:

A  "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.

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The accounts payable account is a/an _______, and it has a normal _______ balance.
Katyanochek1 [597]

In finance and accounting, accounts payable can operate as either a credit or a debit. Because accounts payable is a penalty account, it should have a credit balance.

<h3>Are accounts owed a debit or credit in normal balance?</h3>

Accounts payable (A/P) is a type of penalty account, so it stays on the credit side of the trial balance as the normal balance. It is the amount that we owe to suppliers for the interests or services that we have already acquired but have not paid yet.

Accounts payable (AP) is a short-term debt and a liability on a balance sheet where a corporation owes money to its vendors/suppliers that have provided the business with goods or services on credit.

To learn more about normal balance visit the link

brainly.com/question/15181114

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3 0
1 year ago
9. How does online banking decrease the amount of paperwork you need to file?
IrinaK [193]

Answer:

<h2><u>The second option:</u></h2><h2><u>it organizes your finances for you</u> </h2>

Explanation:

<em>Hope this helps :)  </em>

<em>Pls make brainliest :3  </em>

<em>And have an amazing day <3</em>

5 0
2 years ago
If neither restaurant cleans, each will earn $13,000; alternatively, if they both hire workers to clean, each will earn only $10
Marizza181 [45]

Answer:

Please see attachment

Explanation:

Please see attachment . Please note that the question is not complete . I have found the a full question online to assist you .

4 0
3 years ago
Financial managers must know how to interpret a company's financial statements in order to Multiple select question. effectively
RideAnS [48]

Financial Managers must know how to interpret a company's financial statements to effectively allocate the firm's financial resources and generate the best return possible for the company in the long run.

<h3>Financial Managers</h3>

They analyze the company's finances and report on the finding to their senior managers to maximize profits. Their role mainly includes:

  • Prepare financial reports
  • Review financial information
  • Analyze market position for growth purposes

As with enhancement in technology, financial manager's role is mainly shifted from preparations of reports to analysis and determine the best possible ways for companies to expand.

<h3>Multiple Selections</h3>

Keeping in view the above points mentioned, the financial managers cannot recruit suitable candidates not setting the price of the company's product is their duty. Therefore, these points are invalid.

However, their roles do include allocating the firm's financial resources and generating the best returns for the company to grow in the long run.

Learn more on Financial Managers here: brainly.com/question/1305901

7 0
2 years ago
Hair world is considering a contract to sell merchandise to a hair salon chain for $19,000. this merchandise will cost hair worl
Brut [27]
<span>Gross profit = $7,080 ($19000-11920) Increase to percent of gross profits - $11,920/19000 = 62.7%. Profits would increase with this contract or transaction by 62.7%</span>
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3 years ago
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