Answer:
IRS ,AICPA Statements on Standards for Tax Services.
Explanation:
From the question, we are informed about Bob, that has a client with a strong belief that he is correct about an aggressive but creative tax position.
and how Bob files the tax return with disclosure on his client's included.
In the case of agreement on the disclosure of the position, then it should be disclosed to IRS. which is a form of Statements on Standards for Tax Services.they are responsible for quality control as far as tax is concerned.
Answer: 18.43%
Explanation:
Based on the information given, the cash flow on total assets ratio will be calculated as:
= (net cash flows from operations / average total asset) × 100
= ($341,000 / $1850000) × 100
= 18.43%
Therefore, the answer to the question is 18.43%
Answer:
$90,000
Explanation:
It is given that :
The pretax accounting income of Bryce Corporation 100,000
The interest on the municipal bonds - 7,000
The depreciation - 5,000
The difference in bad debt expense (3000-1000) <u> +2,000</u>
So the total income of Bryce Corporation $ 90,000
