What are some of the consequences of the small cases procedure of the Tax Court?
What will be an ideal response?
The small cases procedure allows a taxpayer the advantage of having a day in court without the expense of an attorney. But if the taxpayer loses, the decision cannot be appealed.
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Through the competitive budget method, the ad budget is set to match the percentage of sales budget of an important competitor
Indicate whether the statement is true or false
A company had net income of $252,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $3,000. How much cash was provided by operating activities?
A) $217,000. B) $224,000. C) $284,000. D) $305,000.
Answer the following statements true (T) or false (F)
1. Leakage occurs when contradictory nonverbal signals betray deception. 2. The most common deception-related gesture is the hand-shrug emblem. 3. Smoothing the tie indicates a deceptive answer. 4. An attempted change of personal space is a deception cue.
A(n) ________ is a person who organizes and starts a corporation, negotiates and enters into contracts in advance of its formation, finds the initial investors to finance the corporation, and so forth
A) incorporator B) promoter C) articles drafter D) negotiator