The U.S. Tax Court may examine the entire return of a taxpayer whose case it is hearing
a. True
b. False
Indicate whether the statement is true or false
True
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QFV International has a goal to lower the cost of employee benefits. Its human resource department compares the costs of its benefits with averages published by the Bureau of Labor Statistics, the U.S. Chamber of Commerce, and other sources. The investigation shows that its cost for workers' compensation insurance is high relative to other companies. Which action could best help QFV International accomplish its goal?
A. replace the workers' compensation insurance with disability insurance B. shop for a better deal on workers' compensation insurance C. improve safety to lower the company's experience rating D. cancel the workers' compensation insurance E. accept the high cost and look for other areas in which to reduce spending
If Jane persuades Linda to buy her horse by telling Linda that the horse runs "like the wind," then Jane's statement is:
a. fraud. b. misrepresentation. c. a unilateral mistake. d. puffery.
Which of the following is the most appropriate cost driver for allocating the cost of warranty services?
A) number of employees B) number of materials purchased C) number of machine hours D) number of service calls
Barbara and Johann are parties to a contract. They agree on a novation. The novation requires A) the existence of a previous, valid obligation
B) consideration greater than $5,000. C) performanceof the original contract by all of the parties. D) an accord and satisfaction.