In addition to help preparing tax returns, what benefit can a tax service offer a business?
A) Tax planning
B) Litigation advice
C) State certification
D) Personal financial planning
E) Advice on corporate mergers
Answer: A
Explanation: A) Tax services include assistance not only with tax-return preparation but also with tax planning. A CPA's advice can help a business structure (or restructure) operations and investments and perhaps save millions of dollars in taxes.
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What factor has caused an escalation of check forgeries in recent years?
a. the increased use of EDI b. the availability of cheap color printers c. a lack of control plans to control automated funds transfer d. a repeal of severe civil and criminal penalties for such crimes
A manager who takes away a promotion offer as punishment for an employee’s behavior is exercising her _______ power.
a. legitimate and coercive b. legitimate and reward c. legitimate d. coercive
An inventory out-of-stock report is an example of a programmed, on-demand report
Indicate whether the statement is true or false
On January 1, Ajax Corp
accepted a one-year note for $55,000 at 7% from one of its customers. When the note matured on December 31, the customer was unable to pay, and the company recorded the dishonor. The amount of the debit recorded on December 31 is ________. A) $51,150 B) $3,850 C) $55,000 D) $58,850