Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.
Explanation:
Sean and Dianne have probably engaged Amanda at the end of the tax year and they are to face implications of the transactions as it relates to tax matters, Amanda is to provide them with legislation in relation to the matter to educate them in future tax transactions.
Answer:
Good records allow you to identify all of your assets, expenses, income, and liabilities. This lets you see the strengths and weaknesses of your business, which will enable you to make better financial decisions. Accurate accounts give real-time data for better reporting and forecasting.
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Answer: A. No capital gain or loss
Explanation:
From the question, we are informed that a customer buys $100,000 of 30 year corporate bonds with 20 years remaining to maturity at 95 and that the customer elects not to accrete the discount annually.
At maturity, the customer will have no capital gain or loss. This is because, in this case, the bond has already been held to maturity and discount have therefore been accreted. There won't be capital loss or gain since the bond will noe to redeem at par.
Answer:
They mean that the money supply does not affect real GDP or unemployment.
Explanation:
The neutrality of money is based on the idea that a change in the stock of money will only affect the nominal variables in the economy such as exchange rates, prices and wages, without affecting the real variables, which include; employment, real GDP, and real consumption. What this means is that the amount of money that is printed by the central banks can impact prices and wages but cannot impact the output or structure of the economy.
A syndication where the arranger agrees to provide less than the aggregate amount of the offering, but agrees to use reasonably commercial efforts to fulfill the capital raise is known as a best efforts offering.
<h3>What do you best efforts offering?</h3>
The underwriters do not commit to acquiring all of the securities from the issuer in a best efforts offering. Underwriters consent to utilize their best efforts to market the securities to investors while acting solely as an agent of the issuer.
The promise made by a service provider to go above and beyond to carry out the terms of a contract is referred to as "best efforts." In the world of finance, an underwriter promises an issuer that they will make every attempt to sell all of the securities they are offering.
Learn more about best efforts here
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