Watson Company has 5,000 shares of $5 par, 3% preferred stock outstanding and 25,000 shares of $2 par common stock outstanding. The preferred stock is cumulative, and no dividends have been paid for the past two years. If the company wishes to distribute $2 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year? a. $50,000 b. $50,750 c. $2,250 d. $51,500
Answers
Answer:
The options are not correct, find below correct options:
a. $ 2,250
b. $50,000
c. $50,750
d. $52,250
The correct option is D,$52,250
Explanation:
The dividends of two years were already to preferred stockholders,in addition to the current year, makes three years of dividends for preferred stockholders.
preferred dividends for three years=5,000*$5*3%*3=$2250
current year common stock dividends=$2*25,000=$50,000
The total amount of dividends that must be paid=$50,000+$2,250=$52,250
Related Questions
Ragland Corp. purchases supplies on account for $1,000 and appropriately records the transaction in an asset account. A count of inventory at year-end indicates that $300 of supplies are remaining. The adjusting journal entry required at year-end includes:_____.
Answers
Answer and Explanation:
The adjusting entry is shown below:
Supplies Expense A/c $700
To Supplies A/c $700
(Being the supplies expense is recorded)
The supplies expense is computed below
= Supplies purchased made - supplies on hand
= $1,000 - $300
= $700
For recording this we debited the supplies expense as it increased the expenses and credited the supplies as it decreased the assets
COMO CREES QUE SE PODRIA SOLUCIONAR LA POBREZA ?? POR FAVOR DOY CORONA , Y CORAZON ( E QUE NO SEPA NO ESCRIBA ) :(
Answers
Answer:
tenga pa que se entretenga
the african economic community (AEC) is an organization of african union states establishing a single market, a central bank and common currency. what type of arrangement does this BEST represent
Answers
Explanation:
The aim of the AEC is to promote economic, social and cultural development as well as African economic integration in order to increase self-sufficiency and endogenous development and to create a framework for development, mobilisation of human resources and material.
The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $4,700; Accounts Receivable, $8,700; Supplies, $18,700; Equipment, $117,000; Accumulated Depreciation, $43,500; Accounts Payable, $25,700; Salaries Payable, $15,700; Common Stock, $57,000; and Retained Earnings,. Prepare the December 31, 2021, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.)
Answers
Answer:
Blue Devils Corporation balance sheet as at December 31, 2021
Non - Current Assets
Equipment, $117,000
Less Accumulated Depreciation ($43,500)
Total Non - Current Assets $73,500
Current Assets
Cash, $4,700
Accounts Receivable, $8,700
Supplies, $18,700
Total Current Assets $32,100
Total Assets $105,600
Current Liabilities
Accounts Payable, $25,700
Salaries Payable, $15,700
Total Current Liabilities $41,400
Equity
Common Stock, $57,000
Retained Earnings (Balancing Figure) $7,200
Total Equity $64,200
Total Equity and Liabilities $105,600
Explanation:
The Balance of retained earnings is determined by missing figure approach using the Accounting Equation : Assets = Liabilities + Equity.
Erickson Air is a large airline company that pays a customer relations representative $8,000 per month. The representative, who processed 3,000 customer complaints in January and 2,500 complaints in February, is expected to process 40,000 customer complaints during the year.
Answers
If Erickson Air is a large airline company that pays a customer relations representative $8,000 per month. the total cost of processing customer complaints in January and in February is: January $7,200, February $6,000.
Month Allocated CostJanuary allocated cost :
January allocated cost = $3,000 × ($8,000×12 months/ 40,000)
January allocated cost =$3,000 × 2.4
January allocated cost = $7,200
February allocated cost:
February allocated cost= $2,5 00 × ($8,000×12 months/ 40,000)
February allocated cost= $2,500 × 2.4
February allocated cost= $6,000
Therefore If Erickson Air is a large airline company that pays a customer relations representative $8,000 per month. the total cost of processing customer complaints in January and in February is: January $7,200, February $6,000.
Learn more about Month Allocated Cost here: https://brainly.com/question/14632912
#SPJ1
A reward system must take into account volatile___ including inflation, market conditions, and unemployment rates.
Answers
A reward system must take into account volatile strategy including inflation, market conditions, and unemployment rates.
What is volatile strategy?Options trading has two big advantages over almost every other form of trading. One is the ability to generate profits when you predict a financial instrument will be relatively stable in price, and the second is the ability to make money when you believe that a financial instrument is volatile.When a stock or another security is volatile it means that a large price swing is likely, but it's difficult to predict in which direction. By using volatile options trading strategies, it's possible to make trades where you will profit providing an underlying security moves significantly in price, regardless of which direction it moves in.There are many scenarios that can lead to a financial instrument being volatile. For example, a company may be about to release its financial reports or announce some other big news, either of which probably lead to its stock being volatile. Rumors of an impending takeover could have the same effect.To learn more about financial instrument refer to:
https://brainly.com/question/30109182
#SPJ4
The yield to maturity on 1-year zero-coupon bonds is currently 8.5%; the YTM on 2-year zeros is 9.5%. The Treasury plans to issue a 2-year maturity coupon bond, paying coupons once per year with a coupon rate of 12%. The face value of the bond is $100. a. At what price will the bond sell? (Do not round interme
Answers
Answer:
$104.47
Explanation:
As per the data given in the question,
Face value = $100
Coupon rate = 12%
Annual coupon = Coupon rate × Face value
= $100 × 12%
= $12
Price = Annual coupon ÷ coupon bond for year 1st + total value ÷ yield to maturity for second year
= $12 ÷ 1.085 + $112 ÷ 1.095^2
= $104.47
Hence, Bond will be sold in $104.47
The 1.085 and 1.095 is come from
= 1 + 8.5%
= 1.085
And,
= 1 + 9.5%
= 1.095
Blanchard and Hersey's Situational Leadership style used which two dimensions to determine employee readiness?
Question 9 options:
Age and Ability
Effort and Efficacy
Tenure and Tenaciousness
Competence and Commitment
Answers
Explanation:
According to Hersey and Blanchard, readiness refers to "the extent to which a follower has the ability and willingness to accomplish a specific task" (1988, p. 174). The two dimensions composing employee readiness are willingness and ability related to a specific task.
With the CEO and driver of the company—Howard Schultz—stepping down as the company’s unquestioned leader, do you expect Starbucks to change its foreign market entry strategy in any way?
Answers
Answer:
The short answer to that is No, Starbucks will not change its foreign market entry strategy.
Explanation:
The reasons are as follows:
did Howard Schultz lose his shares when he stepped down? This is highly unlikely and according to the rules of corporate governance may depend on his contract. So stepping down as the chairman does not necessarily translate to losing control. Corporations such as Starbucks: don't just up and change direction. Strategies are usually vetted by the board of directors. Whoever the majority shareholder is (corporate person or individual) will always have a say regarding the expansion of the business. Howard Schultz has stepped down in 2018. At that time, Starbucks had a total of 28,000 stores in 77 countries. Currently, there are 15,000 in 50 countries. This reduction didn't happen because Howard stepped down but because of the recent pandemic which hit the globe in 2020.Cheers
When the demand for skilled labor increases, _____________________.
the demand curve would shift to the right
the demand curve would shift to the left
the supply curve would shift to the right
the supply curve would shift to the left
Answers
The correct option is A). the demand curve would shift to the right.
What happens when the demand for skilled labor increases?When the demand for skilled labor get increases, the demand curve would shift to the right.
As the demand for the goods and services increases, the demand for the skilled labor will also increase, which will cause the demand curve shift to the right.
If the demand for the goods and services decreases, the demand for labor will decrease too, and demand curve will shift to the left.
Learn more about demand for skilled labor here:-
https://brainly.com/question/17323942
#SPJ1
Select the correct answer.
Adidea Corp had a beginning inventory of $30,000 and an ending inventory of $15,000. It made $95,000 in purchases. If Adidea uses the periodic
system, what is its cost of goods sold?
A. $110,000
B. $105,000
c. $100,000
D. $120.000
Answers
The cost of the goods is A
what is its cost of goods sold?The cost of goods sold can be calculated by subtracting the ending inventory from the sum of the beginning inventory and purchases. In this case, the calculation would be:
Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory
Cost of Goods Sold = $30,000 + $95,000 - $15,000
Cost of Goods Sold = $110,000
Therefore, the correct answer is option A, $110,000.
Read more on cost of good here https://brainly.com/question/13767214
#SPJ1
Based on the information in this section, would you choose accounting as a career?
Answers
Yes, the accounting profession appears that it will assist me in being a better leader and manager. I value the capacity to make financial judgments and identify ways to minimize expenses, boost sales, and enhance profits.
What are the advantages of becoming an Accountant?Becoming an accountant offers numerous advantages, including a stable and in-demand career with opportunities for growth and advancement.
Accountants are needed in every industry, from small businesses to large corporations, providing job security.
They also have the potential to earn a competitive salary and can specialize in various areas such as tax accounting or forensic accounting.
Note as well that, accounting skills are transferrable to many other careers, making it a versatile degree. Finally, accountants often work with a team, which allows for collaboration and networking opportunities.
Learn more about Accounting Profession:
https://brainly.com/question/28145689
#SPJ1
Full Question:
BUS 100 Chapter 15
An audit is an examination of a company's financial statements and the accounting practices that produced them. The purpose of an audit is to make sure that a firm's financial statements have been prepared in accordance with generally accepted accounting principles (GAAPs). GAAPs have been developed to provide an accepted set of guidelines and practices for U.S. companies reporting financial information and the accounting profession.
Based on the information in this section, would you choose accounting as a career?
1.your aunt has a fear that makes it difficult for her to leave her home. she feels trapped and is unable to work or engage in any kind of activity that requires going outside of her home. you are not surprised when you find out your aunt is diagnosed with .
Answers
You are not surprised when you find out your aunt is diagnosed with agoraphobia.
What is Agoraphobia?
Agoraphobia is an anxiety illness that makes a person extremely afraid of being overpowered, unable to flee, or unable to call for help. People with agoraphobia frequently avoid strange places and uncomfortable situations out of fear and anxiety, including either open or closed areas.
What causes agoraphobia and what risk factors exist?
The following are risk factors for developing agoraphobia are having phobias or panic attacks, having severe life experiences, such losing a loved one, getting attacked, or being mistreated, prone to nervousness or anxiety, displaying excessive concern and fear when experiencing panic attacks and a family member suffering from agoraphobia.
To know more about agoraphobia, click here- brainly.com/question/10479595
#SPJ4
A machine shop has 100 drill presses and other machines in constant use. The probability
that a machine will become inoperative during a given day is 0.002. During some days, no
machines are inoperative, but on other days, one, two, three, or more are broken down.
What is the probability that fewer than two machines will be inoperative during a
particular day?
Answers
The probability that fewer than two machines will be inoperative during a particular day is approximately 0.982201, or 98.22%.
How did we get the value?To find the probability that fewer than two machines will be inoperative during a particular day, calculate the probability of having zero or one machines inoperative.
Denote the event "a machine becomes inoperative during a given day" as A. The probability of this event is given as P(A) = 0.002.
To calculate the probability of fewer than two machines being inoperative, calculate the probability of zero machines being inoperative (P(0)) and the probability of one machine being inoperative (P(1)), and then sum them up.
The probability of zero machines being inoperative is given by:
P(0) = (1 - P(A))¹⁰⁰
= (1 - 0.002)¹⁰⁰
= 0.980198
The probability of one machine being inoperative is given by:
P(1) = 100 × P(A) × (1 - P(A))^99
= 100 × 0.002 × (1 - 0.002)^99
= 0.198003
Now, calculate the probability of fewer than two machines being inoperative:
P(fewer than two) = P(0) + P(1)
= 0.980198 + 0.198003
= 0.982201
Therefore, the probability that fewer than two machines will be inoperative during a particular day is approximately 0.982201, or 98.22%.
learn more about probability: https://brainly.com/question/24756209
#SPJ1
Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?
Answers
The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.
Who are the role-players and stakeholders involved in the project?The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.
It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.
Read more about project organigram
brainly.com/question/31255959
#SPJ1
At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally sells for $45. A foreign wholesaler offers to buy 3,000 units at $25 each. Bargain Electronics will incur special shipping costs of $3 per unit. Assuming that Bargain Electronics has excess operating capacity, indicate the net income (loss) Bargain Electronics would realize by accepting the special order.
Answers
Answer:
Bargain Electronics
Bargain Electronics would realize a net income of $6,000 by accepting the special order.
Explanation:
a) data and Calculations:
Production costs of MP3 Player:
Variable cost = $20
Fixed cost = $10
Total costs = $30
Selling price = $45
Special order from a foreign wholesaler = 3,000 units
Special order selling price = $25 per unit
Additional special shipping costs per unit = $3
Variable production costs = $20
Total costs for the special order = $23 ($3 + $20)
Net income from special order = $6,000 ($2 * 3,000)
What are Uber's options in handling California AB5, an attempt to reclassify Uber's drivers as employees? What potential impact would each decision have?
Answers
The potential impacts of each decision with regard employee classification include financial costs, legal battles, public perception, and potentially losing market share to competitors who are able to navigate the regulatory landscape more effectively.
What is the explanation for the above response?
Uber's options in handling California AB5 are as follows:
Comply with AB5 and reclassify drivers as employees, which would result in significant increases in labor costs and potential loss of driver flexibility.
Contest AB5 and argue that their drivers are independent contractors, which could lead to legal battles and potentially a negative public image.
Seek a compromise with California lawmakers, such as creating a new worker classification that falls between employee and independent contractor, which could help maintain some flexibility for drivers while also providing certain benefits.
The potential impacts of each decision include financial costs, legal battles, public perception, and potentially losing market share to competitors who are able to navigate the regulatory landscape more effectively.
Learn more about employees at:
https://brainly.com/question/21847040
#SPJ1
Assume that in recent years both expected inflation and the market risk premium (r M − r RF) have declined. Assume also that all stocks have positive betas. Which of the following would be most likely to have occurred as a result of these changes?a. Required returns have increased for stocks with betas greater than 1.0 but have declined for stocks with betas less than 1.0.b. The required returns on all stocks have fallen, but the decline has been greater for stocks with lower betas.c. The required returns on all stocks have fallen by the same amount.d. The average required return on the market, rM, has remained constant, but the required returns have fallen for stocks that have betas greater than 1.0.e. The required returns on all stocks have fallen, but the fall has been greater for stocks with higher betas.
Answers
Answer: e. The required returns on all stocks have fallen, but the fall has been greater for stocks with higher betas.
Explanation:
The beta of a stock reflects the stock's sensitivity to a movement in market returns. Used in the Capital Asset Pricing Model, it can be used to calculate Required Return by the formula;
Required return = Risk free rate + Beta * Market risk Premium.
This formula shows that if market risk premium were to decrease, the decrease in required returns will be more for stocks with higher betas.
For instance, Assume two stocks. Stock A has a beta of 4 and Stock B has a beta of 2.
Assuming that the risk free rate is 4% and the Market premium went from 10% to 6%, the stock required return will be;
Stock A
Initial required return = 4% + 4 * 10% = 44%
Return after fall in Market premium = 4% + 4 * 6% = 28%
Return fell by = 44 - 28 = 16%
Stock B
Initial required return = 4% + 2 * 10% = 24%
Return after fall in Market premium = 4% + 2 * 6% = 16%
Return fell by = 24 - 16 = 8%
Stock A required return fell more than Stock B's because it had a higher beta.
2. (20 points) A couple plans to purchase a home for $320,000. Property taxes are expected to be $1,200 per year while insurance premiums are estimated to be $1400 per year. Annual repair and maintenance are estimated at $1,950. An alternative is to rent a house of about the same size for $2,150 per month [approximate using $25,800 per year]. If an 8.0% return before-taxes is the couple's minimum rate of return, what must the resale value be 10 years from today for the cost of ownership to equal the cost of renting
Answers
Answer:
$371,200
Explanation:
For the computation of annual price escalation first we need to follow some steps which are shown below:-
Future value of payment if the property purchased is
= Property taxes + Insurance premium + Annual repair and maintenance
= $1,200 + $1,400 + $1,950
= $4,550
Future value = (1 + K)^n
= (1 + 0.08)^10
= 2.158924997
or
= 2.16
Future value of annuity factor = (1 + K)^n -1 ÷ K
= ((1 + 0.08)^10 - 1) ÷ 0.08
= 1.158924997
÷ 0.08
= 14.487
Future value of the cost of property = Purchase amount of a home × Future value
= $320,000 × 2.16
= $691,200
Future value of recurring cost = Future value of payment if property purchased × Future value of annuity factor
= $4,550 × 14.487
= $65,915.85
Total value of payment = Future value of the cost of property + Future value of recurring cost
= $691,200
+ $65,915.85
= $75,7115.85
Future value of the payment in property taken on rent
The Total value of the payment in 10 year when the property taken on rent = Amount using per year × Future value of annuity factor
= $25,800 × 14.487
= $373,764.6
The amount incurred in both the methods will be the same if the property can be sold = Total value of payment - Total value of the payment in 10 year when the property was taken on rent
= $75,7115.85 - $373,764.6 0
= 383351.25
finally,
The annual price escalation = Future value of the cost of the property - Purchase amount of home
= $691,200 - $320,000
= $371,200
This is to inform you that I will be leaving work early today.
Answers
This is to inform you that I will be leaving work early today. The grammar in this sentence is correct.
What is grammar?The grammar of a natural language is its set of structural constraints on speakers' or writers' composition of clauses, phrases, and words. The term can also refer to the study of such constraints, a field that includes domains such as phonology, morphology, and syntax, often complemented by phonetics, semantics, and pragmatics. There are currently two different approaches to the study of grammar: traditional grammar and theoretical grammar.
Fluent speakers of a language variety or lect have effectively internalized these constraints, the vast majority of which at least in the case of one's native languages are acquired not by conscious study or instruction but by hearing other speakers. Much of this internalization occurs during early childhood; learning a language later in life usually involves more explicit instruction.
The term grammar can also describe the linguistic behaviour of groups of speakers and writers rather than individuals.
Learn more about grammar, here:
https://brainly.com/question/2645316
#SPJ2
Your question is incomplete, but most probably the full question is:
Check the grammar of the sentence given below is correct or incorrect:
This is to inform you that I will be leaving work early today.
Answer these questions picture above.
Answers
1 increasing audience
2 payment methods and or growing page
3 yes help others and myself
4 insta due to its growing capacity
borrowers choosing an adjustable rate mortgage
Answers
Answer:
C. Often pay a lower interest rate during the first few years.
Explanation:
I just took the quiz and got it right.
Borrowers choosing an adjustable-rate mortgage: because they often pay a lower interest rate during the first few years. The correct option is C.
The borrowers mostly have an initial fixed-rate period, which is usually a few years when they choose an adjustable-rate mortgage (ARM). At the initial period, the interest rate on the debt remains as fixed and is lower as compared to a fixed-rate mortgage. This lower interest rate can be helpful for borrowers in the early years of the mortgage.
As a result, borrowers who choose an adjustable-rate mortgage mostly gets benefit from paying a lower interest rate during the first few years of the loan.
Thus, the ideal selection is option C.
Learn more about adjustable-rate mortgage here:
https://brainly.com/question/29786117
#SPJ6
The complete question might be:
Borrowers choosing an adjustable-rate mortgage:
a) pay a higher interest rate during the first few years.
b) are often forced to sell their homes after the first year.
c) often pay a lower interest rate during the first few years.
d) agree to accept no risk when borrowing money.
Question 1: Ron Knuckle set up a business selling keep fit equipment, trading under the name of Buy Your Biceps Shop. He put $7.000 of his own money into a business bank account (transaction A) and in his first period of trading, the following transactions occurred. Transactions:
B: Paid rent of shop for the period: $3.500.
C: Purchased equipment (inventories) on credit: $5.000.
D: Raised loan from bank: $1.000.
E: Purchase of shop fittings (for cash): $2.000.
F: Sales of equipment cash: $10.000.
G: Sales of equipment, on credit: $2.500.
H: Payments for trade accounts payable: $5.000.
I: Payments from trade accounts receivable: $2.500.
J: Interest on loan (paid): $100.
Required: Identify the debit, the credit entries and the amount in the above transactions
Answers
Answer:
Explanation: YOU WOULD GET 300,000
WILL GIVE BRAINLIEST PLS ANSWER
Kato is getting ready to sign a complicated contract at work. What is the BEST advice for him?
A.
Obtain an exact copy of the contract at the time it is signed.
B.
Don’t waste everyone’s time by reading every single word.
C.
Lawyers are not helpful when dealing with contracts.
D.
Leave blank spaces empty, as they will be filled in after you sign the contract.
Answers
The best advice for Kato while signing the contract at work is to obtain an exact copy of the contract at the time it is signed. Thus the correct answer is A.
What is the contract?A contract refers to an agreement chosen by giving an offer and acceptance by both the parties involved with the enforceability of law.
When Kato is getting ready to sign a challenging contract at work, he should make sure to get an exact copy of the document. This helps him to keep evidence so that he can utilize it in future references.
The exact copy of the contract helps him to remember things clearly by revising at home.
Therefore, option A is appropriate.
Learn more about the contract, here:
https://brainly.com/question/2669219
#SPJ2
How To Find The Best Luxury Portable Restrooms In Sacrament
Answers
Research reliable agencies with tremendous opinions, lots of restroom options, and exact customer support. Ask for referrals and reach out for a quote.
To locate the great luxury transportable restrooms in Sacramento, you can start with the aid of learning from reputable corporations specializing in luxurious transportable restroom rentals. Look for groups with nice purchaser opinions and quite a few restroom alternatives to pick from. Consider factors along with the restroom's length, amenities, and cleanliness.
You also can ask for referrals from pals, a circle of relatives, or event planners who've used luxurious portable restrooms in the past. Once you have got a listing of ability agencies, attain out to them to talk about your desires and obtain a quote.
Learn more about customer support:
https://brainly.com/question/28417930
#SPJ1
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
https://brainly.com/question/13444663
#SPJ1
Which of the following is a due diligence requirement for a paid preparer who files a federal return for a taxpayer claiming one or more refundable credits?
Answers
The due diligence requirement for a paid preparer who files a federal return for a taxpayer claiming one or more refundable credits are:
B. Complete copies of all worksheets used to calculate any federally refundable credit.C. Notarize all supporting documentation.D. Ask the taxpayer additional questions as needed to obtain relevant information.E. Document both the questions asked and the taxpayer's response to each question.What does due diligence mean?Basically, due diligence is the research or exercise of care that a reasonable business or person is required to perform before entering into an agreement or contract with another party or performing an act with a specific standard of care.
It can be a legal requirement, but it is most usually used to refer to volunteer inquiries. The process by which a potential acquirer examines a target firm or its assets for an acquisition is a common example of due diligence in numerous industries.
According to the theory behind due diligence, conducting this type of investigation significantly contributes to informed decision making by increasing the amount and quality of information available to decision makers and ensuring that this information is systematically used to deliberate on the issue.
Full options "Complete and file Form 8867, Paid Preparer's Due Diligence Checklist. Complete copies of all worksheets used to calculate any federally refundable credit. Notarize all supporting documentation. Ask the taxpayer additional questions as needed to obtain relevant information. Document both the questions asked and the taxpayer's response to each question"
Read more about due diligence
brainly.com/question/30021889
#SPJ1
trong hoạt động chính trị, việc không tôn trọng quá trình tích lũy về lượng mà chỉ chú trọng thực hiện bước nhảy biểu hiện khuynh hướng nào?
Answers
Answer:
ewan
Explanation:
You are single and clean one hour do you presently earn 520.00 Per week starting next week you will receive a 5% increase in pay and will earn 54600 how much more will you have withheld from your weekly pay for federal income tax
Answers
Answer:
dang you’re right, i’m single and I clean )):
Explanation:
per company policy, tools with a purchase price greater than $1,000 are capitalized what is the correct entry to record a tool purchase of $500
Answers
So, the correct entry is "Debit Tools Expenses $ 500, Credit Cash $ 500".
Learn more:
brainly.com/question/17153993 brainly.com/question/1142613