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bearhunter [10]
3 years ago
8

Generally, a tax preparer must never provide a copy of a taxpayer's tax return to any other party. However, there are two except

ions allowing for limited disclosure. What are these exceptions
Business
1 answer:
kompoz [17]3 years ago
3 0

Answer:

A tax preparer can disclose a taxpayer's information with another tax preparer that works in the same firm that he/she does, as long as they are both located in the US.

A tax preparer can disclose a taxpayer's information with another tax preparer that does not work in the same firm that he/she does, are both located in the US, and the purpose of the disclosure is to provide auxiliary services or assist in the preparation of a tax return of a another taxpayer.

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borishaifa [10]

internet service providers

3 0
2 years ago
Accumulated Depreciation and Depreciation Expense are classified, respectively, as _____. (A) asset, contra liability (B) expens
andrew-mc [135]

Answer:

(D) contra asset, expense

Explanation:

Accumulated depreciation is a contra asset. When preparing ledger accounts, it will be credited hence will have a credit balance.It is also recorded in the balance sheet. On the other hand, depreciation expense is considered an operating expense. It is included as an item in the income statement when calculating a business's net income.

7 0
3 years ago
Petra's Programming competes on cost with WonderWeb in the web design industry. Both firms operate on a 90 percent learning curv
vladimir1956 [14]

Answer:

The correct answer is (D)

Explanation:

Petra programming and wonder web both are operating on a 90 present curve level and that is the maximum they can achieve with the given resources. To compete and take cost leadership positions they must improve the resources. Likewise, the best way is to improve existing technology. New technology will help them achieve cost leadership position and move further on the learning curve.

7 0
3 years ago
A machine with a cost of $100,000 and accumulated depreciation of $98,000 is sold for $70,000 cash. The amount that should be re
Reptile [31]

Answer:

$70,000

Explanation:

cash flows from investing activities  generally refers to money made or spent  on long-term assets the company has purchased or sold. Investing transactions generate cash  outflows, such as capital expenditures for plant, property and equipment, business acquisitions  and the purchase of investment securities. Inflows come from the sale of non- current assets such as machines and equipment, businesses and  investment securities. For investors, the most important item in this category is capital  expenditures, made to ensure the proper maintenance of, and additions to, a company's physical  assets to support its efficient operation and competitiveness.

So based on the above discussion, the amount that should be reported in cash flow from investing activities is cash inflow from purchase of machine which is "$70,000"

7 0
3 years ago
An analysis of a proposal by the net present value method indicated that the present value of future cash inflows exceeded the a
konstantin123 [22]

Answer:

b. The proposal is desirable and the rate of return expected from the proposal is less than the minimum rate used for the analysis.

Explanation:

Under the Net Present Value method we compute the present value of all cash flows, inflow or outflow

And these values are discounted at the minimum rate of return required if the resulting value is positive that means that the rate of return expected is less than minimum rate of return used to discount the value. In that case we are sure that the result of this project will be positive and favorable.

As the discount rate used is in, fact is higher than the actual rate of expected return, therefore this assures to return a profit.

Final Answer

b. The proposal is desirable and the rate of return expected from the proposal is less than the minimum rate used for the analysis.

7 0
3 years ago
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