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
agasfer [191]
3 years ago
7

Aldo has just been audited by the IRS. He does not agree with the agent's findings but believes that he has only two choices: pa

y the proposed deficiency or resort to the courts.
Business
1 answer:
vivado [14]3 years ago
8 0

Answer is given below :

Explanation:

  • In many audit disagreements that remain unresolved at the agent level, the taxpayer should consider the appeal to the Appeals Division.
  • Although it is part of the IRS, it has the power to resolve audit disputes. It has more settlement power than the agent.
  • In many cases, an agreement is reached in the appeals section, which can avoid an expensive and time consuming trial.
You might be interested in
The following does not describe the matching principle
Marizza181 [45]

Answer: The correct answer is c. Expenses are reported on the income statement when cash is paid.

Explanation: Matching principle states that expenses are matched with the related revenue in the same period, that is, expenses incurred to generate related revenue are recorded during the same time interval the related revenue is recorded in order to show the true and fair position of the profitability of the company.

Based on the above definition, <u>only option C does not align with the matching principle</u><u> </u>because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means <em>cash basis of accounting</em> is being applied.

8 0
3 years ago
Eight methods for improving intercultural communication
Phoenix [80]
Hi there! I know you asked for eight methods but I can only think of five methods. The first method would be to be aware of your own country. The second method is to become and or think like a learner. The third method is get mystical as in get curios. It's like think. The fourth method is to listen. And the last but not least. The fifth method is look at different cultures.
5 0
3 years ago
Read 2 more answers
You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Second National Bank will pay yo
IRISSAK [1]

Answer:

Second National  Bank

Present value (PV) = $5,400

Future value (FV) = $13,900

Interest rate (r) = 10% = 0.10

FV = PV(1 + r)n

$13,900 = $5,400(1 + 0.10)n    

<u>$13,900</u> = (1.10)n

$5,400            

2.574074074 = (1.10)n

Log 2.574074074 = n  log 1.10

<u>Log 2.574074074</u> = n  

Log 1.10                  

n =  9.9 years      

None of the answers is correct                                                                                                                                                          

Explanation:

In this case, we will apply the formula of future value of a lump sum. The present value, interest rate and future value were provided with  the exception of number of years. Thus, the number of years becomes the subject of the formula. The future value equals present value, multiplied                     by 1 plus interest rate, raised to power number of years.                                                                                                                                                                                                        

8 0
3 years ago
Original car dealership getting ready mass marketing TV advertisements emphasizing a tight end luxury vehicles the region this c
Tpy6a [65]
Yes amazing work buy stocks and lower prices but 30p0
6 0
3 years ago
4. What is another name for a command economy?
USPshnik [31]

Answer:

planned economy

Also known as a planned economy, command economies have as their central tenet that government central planners own or control the means of production within a

Explanation:

hehe plss give me a heart

5 0
3 years ago
Other questions:
  • _____ occurs when investors earn interest in the current time period on interest earned in previous time periods.
    5·1 answer
  • What is the fundamental rethinking of business processes to bring about dramatic improvements in​ performance?
    12·1 answer
  • On theShopping Listsheet, check all the formulas. Cells to check are filled with the light orange color.Most of them need to be
    9·1 answer
  • A proximity sensor attached to the tip of an endoscope could reduce risks during eye surgery by alerting surgeons to the locatio
    8·1 answer
  • Fabian was planning to start his own publishing business. He met a few people who had set up their own publishing agencies and m
    11·2 answers
  • Not yet answered Marked out of 1.00 Flag question The accounting records of Slattery Corporation, a small manufacturing company,
    14·1 answer
  • Why is it important to start with temporary investments that lead to permanent investments
    7·1 answer
  • jingle company signs a 6-month, $20,000 note. stated interest rate is 8% payable at the maturity date. interest incurred on the
    7·1 answer
  • darden has beginning equity of $286,000, total revenues of $72,000, and total expenses of $34,000. the company has no other tran
    15·1 answer
  • virtually all jobs and professions, regardless of the proficiency or experience needed to perform them, require good skills.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!