Beck is an accountant who prepares her clients' tax returns. Cole is not an accountant, but he also prepares tax returns for clients. Under the In¬ternal Revenue Code, liability for preparing a false return may be im¬posed on
a. Beck and Cole.
b. Beckonly.
c. Cole only.
d. none of the choices.
A
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Which statement is not true about simulated test markets?
A) While a firm's test marketing is in progress, competitors have an opportunity to beat it to the national market. B) Competitors often take actions such as increasing their promotional efforts to contaminate the test marketing program. C) Both A and B are not true about simulated test markets. D) They yield mathematical estimates of market share based on initial reaction of consumers to a new product.
Neef Corporation has provided the following data for its two most recent years of operation: Selling price per unit$84Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$12Direct labor$5Variable manufacturing overhead$4Fixed manufacturing overhead per year$432,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$61,000 Year 1 Year 2Units in beginning inventory0 3,000Units produced12,000 9,000Units sold9,000 10,000Units in ending inventory3,000 2,0000 Which of the following statements is true for Year 1?
A. The amount of fixed manufacturing overhead deferred in inventories is $513,000 B. The amount of fixed manufacturing overhead released from inventories is $513,000 C. The amount of fixed manufacturing overhead deferred in inventories is $108,000 D. The amount of fixed manufacturing overhead released from inventories is $108,000
All states have intermediate appellate courts
a. True b. False Indicate whether the statement is true or false
Yokio, Ltd., and Zeno, S.A., transact an international sale of goods. At the request of these parties, a court in Portugal resolves a dispute between them. A U.S. court will most likely honor the judgment
a. if it is consistent with U.S. laws and public policy. b. if it is consistent with Portuguese laws and public policy. c. if it does not benefit the U.S. to deny it. d. under no circumstances.