Answer:
D) Jack is in compliance with the provisions of the tax code, provided he retains the list for a 3-year period after the close of the return period in which the return was signed.
Explanation:
The Internal Revenue Service (IRS) requires tax return preparers to keep the following records;
- either maintain a complete copy of each tax return or claim for refund they have filed for 3 years after the return period, or
- maintain a list of the names, identification numbers, and tax years for those individuals or businesses whose tax returns were prepared and to keep this list for 3 years after the return period.
The tax preparer can choose the alternative that best suits hims or her.
Answer:
D. Both A and C
Explanation:
Items that are more useful and/or more rare, result in higher prices (and if both are true, even higher prices). If an item is rare but useless, the price would be lower. If an item is useful and not rare (think batteries or paper towels) the price lowers.
Um.. is that a question or just telling us?...
Answer: D. The actual value of the contract is less than $30 million for each year he plays.
Explanation:
Given that Mark sherzer will be paid $15 million per year for 14 years reflects a contract whose value at the time of signing is ($15 million × 14) = $210 million. However, the payment would not be paid at the of signing but spread over a period of 14 years with $15 million being splashed out annually. However, considering the time value of money, whereby the present value of a fixed amount decreases with time. Hence in actual sense, the $210 million face worth of the contract will actually be less than $30 million [$210/7(playing years)] as time progresses on the fixed amount paid yearly due to reduction in the value of the present value as time progresses.
Answer:
B. preference shares
Explanation:
Option A is wrong because equity shares provide a different rate of dividends to a shareholder. Equity shares are known as ordinary shares. Therefore, option C is wrong.
There are no priority shares in the components of stockholders' equity. Hence option D is wrong.
Investment security does not give any dividends. So option E is wrong.
Option B is correct because preference shares give a fixed rate of dividend.
