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Leto [7]
3 years ago
13

To qualify for the moving expense deduction, an employee must change job sites, move a required distance, and change employers.

Business
1 answer:
motikmotik3 years ago
6 0
The answer is false. Employees must wait for the employer's instruction. If the employer require's you to move to another site or assign you to different branch, it is your time to qualify for the moving expense.
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Recommend financial reporting and auditing-related reforms that would likely be effective in preventing or detecting frauds simi
abruzzese [7]

Answer:

The answer is stated below:

Explanation:

If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.

Recommendation

1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.

2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.

3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.

6 0
3 years ago
____________refers to information being available to users early enough to allow them to use it in the decision process.
S_A_V [24]

Answer:

The correct word for the blank space is: Timeliness.

Explanation:

Timeliness is a characteristic the Financial Statements must meet by which executives in decision-making positions could be able to read and comprehend what the information reflects on the company's well being so they can take proper action to correct the course of the company or find the way to keep it and improve it.

7 0
4 years ago
On January 1, James Industries leased equipment to a customer for a four-year period, at which time possession of the leased ass
MA_775_DIABLO [31]

Answer:

-  $700,000

<u>- 82,270</u>

<u>- </u> $617,730

- present value of $1: n=4, i=5%

- the present value of an ordinary annuity of $1: n=4, i=5%

Explanation:

Amount to be recovered (fair value):                                              $700,000

Less: Present value of the residual value ($100,000 x .82270*):      82,270

Amount to be recovered through periodic lease payments:           $617,730

Lease payments -: end of each of the next four years: ($617,730 ÷ 3.54595**) $174,207

* present value of $1: n=4, i=5%

** present value of an ordinary annuity of $1: n=4, i=5%

7 0
3 years ago
Suppose that currency traders expect that the value of U.S. dollarU.S. dollar will fall in the future. How will this will affect
antoniya [11.8K]

Answer:There will be increase in supply and decrease in demand

Explanation:

One of the Law of demand states that the lower the price the higher the quantity demanded and vice versa, while for supply it states that the higher the price the higher the quantity supplied and vice versa.

Since the value of US dollar is still high then the supply will be high in the market, but with the expectation of future fall, demand will be low because buyers are waiting for drop in value. There will be excess supply and lower demand.

7 0
4 years ago
Dan is buying Jessica’s house. The closing date (day belongs to seller) of the sale transaction is March 9th. Current year real
wariber [46]

Answer:

$354

Explanation:

Annual amount / 365 days or monthly amount /length of month = daily amount.

Therefore;

Daily amount x the numbers of days = proration.

$1,900 / 365 = $5.21 daily amount

(31 January days + 28 February days + 9 March days =) 68 days

$5.21 x 68 = $354

Therefore Jessica's share of the real estate taxes for the current year is $354

4 0
3 years ago
Read 2 more answers
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