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
VARVARA [1.3K]
3 years ago
12

As the burden of taxes grows, the role of the auditor becomes increasingly important to the organization. True or false

Business
1 answer:
Mila [183]3 years ago
8 0

Answer:

False

Explanation:

In the case when the tax burden increased so the role of the auditor is to audit the financial statements of the company and based on this they given the opinion that could be either favorable or unfavorable also they look into the operational effectiveness and efficiency but the role of the auditor is not increasingly important as for the tax purpose the tax accountant should be considered such as Chartered accountant, etc

You might be interested in
A population of 478 rats has been undergoing linear growth over a five-year period. if the average growth rate was 1.4 rats per
Elanso [62]
The approximate size of the initial population of the rats five years before is 89. With average of 1.4 growth rate per year, it accumulated to 478 rats over the 5 years time. 
7 0
3 years ago
Difference between sole proprietorship and independent contractor
wariber [46]

Answer:

Explanation:

A sole proprietor is a person who owns, manage, finance and organize a business firm.

It refers to an individual who owns a business that has not been registered as a business entity. Such business includes partnership, limited liability company (LLC) and a corporation.

A sole proprietor is responsible for decision making process of his business and also bears the burden of profit, loss and tax alone.

WHILE

An independent contractor is an individual who works for another individual. An independent contractor provides services to another person but he is not an employee of the other person. An independent contractor is a self employed person who provides professional services to a business organzation.

He is paid based on the amount of work done. Examples of independent contractor includes graphics designer, data analyst, web designer or IT expert.

8 0
3 years ago
In Florida it is customary for the seller to pay the document tax on the deed. If the sale price is $115,000, how much will the
Dennis_Churaev [7]

Answer:

805

Explanation:

The document tax which is to be paid by the seller in Florida on deed is $0.70 per $100 of the sale value.Based on this, the document tax on the sale price of $115,000 shall be calculated as follows:

Document tax=(Sale value/100)*0.70

Sale value=$115,000

Document tax=(115,000/100)*0.70

                       =1,150*0.70

                       =805

4 0
3 years ago
Acme published a story about Paul, and as a result Paul sued Acme for damage to his reputation, emotional distress, and punitive
Marrrta [24]

Answer:

all these are included in the gross income

Explanation:

given data

damages = $36,250

emotional distress = $10,100

punitive damages = $58,200

to find out

What amount must Paul include in his gross income

solution

we know according to the tax laws that specify only payment on account of (1) physical injury and (2)  physical sickness is non taxable

so here  taxpayers receive

  • damages
  • emotional distress
  • punitive damages

they are not associate with the physical injury so all these mentioned are not covered in physical damages

so we can say that all these are included in the gross income

4 0
3 years ago
What are the largest asset and the largest liability of a typical​ bank? A. Loans are the largest liability and deposits are the
Eddi Din [679]

Answer:

D. Loans are the largest assets and deposits are the largest liabilities

Explanation:

Banks represent financial institutions wherein customers can either save their money or borrow money. Banks ideally serve as an intermediary between borrowers and lenders.

Banks avail funds from the lenders who want to deposit and keep their money safe. Such depositors are paid an interest on the money deposited. Out of the pool of funds created through such deposits, a bank lends these funds to the borrowers who are in need at a rate higher than the rate it provides to it's depositors.

Thus, the money granted as loan to the borrowers by a bank represent it's largest assets, which it will receive in future. While deposits, which the bank has to return to the depositors upon demand, represent a bank's largest liabilities which it must meet.

5 0
3 years ago
Other questions:
  • The board of directors of Benson Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock on July 15
    14·1 answer
  • Anyone knows how to get free chorus hero I need it for a worksheet that’s due today but u have to pay to use chorus hero I don’t
    13·1 answer
  • __________ is the use of a third party to encourage labor and management to continue negotiating in an effort to settle a labor
    13·1 answer
  • Determine the prior Year and Current Year common-size percents for cost of goods sold using net sales as the base.(5 thousands)
    14·1 answer
  • Landers Flynn Inc. has 1,000 shares of $5 cumulative preferred stock outstanding. Dividends were not paid last year. The corpora
    11·1 answer
  • Wildhorse Company purchased 300 of the 1000 outstanding shares of Ayayai Company's common stock for $570000 on January 2, 2021.
    13·1 answer
  • 10. Studying data with the goal of discovering new information to aid decision-making is
    12·2 answers
  • 6. He is not a skilled worker. He
    14·2 answers
  • Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent y
    11·1 answer
  • Gus has applied for a home equity line of credit from his federally insured bank so that he can make some renovations to his kit
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!