The Income Tax Preparation report:

A. Provides detailed information about the income and expenses
B. Summarizes income and expenses that should be listed on a business income tax return
C. Lists the assigned tax line for each account
D. All the choices are correct


Answer: C

Business

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Discuss the different ways that can be adopted by small manufacturing firms to conduct market research

What will be an ideal response?

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The articles of incorporation must contain the name and address of every incorporator

Indicate whether the statement is true or false

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The UN Environmental Program was founded by:

a. the Montreal Protocol. b. the Basel Convention. c. the Stockholm Declaration. d. the Doha Declaration.

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Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Year 2Year 1Stockholders' equity:      Common stock, $5 par value$400,000 $400,000 Additional paid-in capital 60,000  60,000 Retained earnings 654,000  630,000 Total stockholders' equity$1,114,000 $1,090,000 Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.The company's book value per share at the end of Year 2 is closest to:

A. $18.08 per share B. $13.93 per share C. $0.38 per share D. $8.18 per share

Business