Reed prepares federal corporate income tax returns for Shopping Malls, Inc, and other firms. Under the Internal Revenue Code, with respect to an understatement of a client's tax liability, Reed may be liable for
A) negligent or willful misconduct
B) no misconduct.
C) only negligent misconduct.
D) only willful misconduct.
A
You might also like to view...
The changes during the first decade of the 21st century were often disruptive and provided new opportunities for social entrepreneurship across the globe. What is this disruption called?
A. perturbation B. disturbance C. global innovation D. creative destruction
A waiting-line system that meets the assumptions of M/M/1 has ? = 1, ? = 4. For this system, Po is ________ and utilization is ________
A) 0.75; 0.25 B) 0.80; .20 C) -3; -4 D) 3; 4 E) none of the above
The management of Woznick Corporation has been concerned for some time with the financial performance of its product V86O and has considered discontinuing it on several occasions. Data from the company's accounting system for this product for last year appear below:Sales$150,000Variable expenses$72,000Fixed manufacturing expenses$50,000Fixed selling and administrative expenses$33,000In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $30,000 of the fixed manufacturing expenses and $13,000 of the fixed selling and administrative expenses are avoidable if product V86O is discontinued.According to the company's accounting system, what is the net operating income earned by product V86O? Include all costs
in this calculation-whether relevant or not. A. $5,000 B. $78,000 C. ($78,000) D. ($5,000)
Answer the following statements true (T) or false (F)
1) Measuring service performance is much easier than measuring manufacturing performance due to involvement of customers. 2) Scores of 0 through 6 on a simple feedback system used to measure the net promoter score (NPS) represent customers who are neutral. 3) Service scripts are detailed guides for employees to follow during a service encounter. 4) Encounters such as bank teller interactions involve service scripts that are loosely scripted. 5) Service supply chains often tend to be longer as compared to product supply chains.