To be a close corporation, the business must be small, with no more than 20 owners and no more than $500,000 in gross annual income.
Answer the following statement true (T) or false (F)
False
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Which of the following could test the existence assertion for payroll-related liabilities?
A. Examine payroll tax returns to determine that the expense was recorded in the proper period. B. Search for unrecorded liabilities. C. Compare items in accrued payroll taxes to the supporting payroll tax return. D. Review payroll liabilities for proper classification as short- or long-term.
When computing profit on an after-tax basis, it is necessary to divide the pretax profit by the effective tax rate
Indicate whether the statement is true or false
The following statement shows racial bias: "The chairman of the committee will be delivering a speech."
Indicate whether the statement is true or false
In the context of delivering bad-news messages, _____ carries a level of discomfort and the potential for escalation of emotion.?
A) ?email communication B) ?instant messaging C) ?text messaging D) ?personal delivery