Marco is an accountant who prepares his clients’ tax returns. Nell is not an accountant, but she also prepares tax returns for clients. Under the Internal Revenue Code, liability for preparing a false return may be imposed on
A. Marco and Nell.
B. Marco only.
C. Nell only.
D. none of the choices.
Answer: A
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In a short essay, describe the concept of ethical auditing.
What will be an ideal response?
When price is an obstacle, the most effective sales messages reduce resistance by ________
A) mentioning the price right away to show that you have nothing to hide B) showing the price in smaller units C) not mentioning the price at all D) sending your readers to your competitors' websites to compare prices
Business torts consist of:
a. interference with contractual relations. b. disparagement. c. fraudulent misrepresentation. d. Each of these are correct.
Refer to the following information for Tangent Corporation
• Common Stock, $1.00 par, 108,000 shares issued, 99,000 shares outstanding • Paid-In Capital in Excess of Par-Common: $2,330,000 • Retained Earnings: $910,000 • Treasury Stock: 11,000 shares purchased at $33 per share If Tangent resold 1,300 shares of treasury stock for $23.00 per share, which of the following statements would be true? A) The Treasury Stock account would decrease by $21,450. B) The Paid-In Capital in Excess of Par-Common account would increase by $1,300. C) The Treasury Stock account would decrease by $42,900. D) The Retained Earnings account would increase by $29,900.