You are a building inspector for the county. A friend of yours is a plumbing contractor. Under county regulations, all steps in plumbing construction from the initial dig to the final installation of sink and bathroom fixtures requires an inspection sign-off. Your plumbing contractor friend has just called and wants to take you to dinner for your birthday at a five-star restaurant. Because you
are friends anyway, the dinner presents no ethical problems.
Indicate whether the statement is true or false
FALSE
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An effective cost control system should include:
a. An established plan of objectives and goals to be achieved. b. Regular reports showing the difference between goals and actual performance. c. Specific assignment of duties and responsibilities. d. All of these are correct.
When a note is dishonored, the payee's journal entry includes a
A) debit to Accounts Receivable. B) debit to Interest Expense. C) debit to Notes Receivable. D) debit to Interest Income.
Consumerism began with passage of the Criminal Fraud Statute by Congress in 1872
Indicate whether the statement is true or false
Which of the following statements is false?
A) IRS publications provide helpful advice on filing the federal personal income tax return. B) The statute of limitations gives the IRS three years from the time the return is filed to impose additional tax liabilities. C) Most tax service companies can provide the expert advice that high-income individuals with complex tax situations need. D) Many financial planners do not specialize in tax advice. However, they may refer you other professionals who do.