The Internal Revenue Service's cost of collecting $100 of tax revenue is about $3.
Answer the following statement true (T) or false (F)
False
The IRS's cost of collecting $100 of tax revenue averages less than 50 cents.
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During market segmentation analysis, the marketer identifies which segments present the greatest opportunity. These segments are called ________
A) target markets B) capital markets C) tertiary markets D) demographic markets E) developing markets
Management will often resist a going-concern modification because investors, lenders, and customers may lose faith in the business
a. True b. False Indicate whether the statement is true or false
Which of the following is not a proper use of notes?
a. To describe the nature and effect of a change in accounting principle, such as from FIFO to LIFO. b. To indicate the basis for asset valuation. c. To indicate the method of depreciation. d. To correct an improper financial statement presentation. e. To describe a firm's debt.
If a sales contract requires or authorizes the seller to ship goods by carrier, when does the risk of loss pass to the buyer if the contract does not require delivery at a particular destination?
a. At the time the goods are properly delivered to the carrier. b. At the time the carrier tenders the goods to the buyer. c. At the time the contract is initially entered into. d. Not until the buyer has received the goods and had a chance to inspect them.