All categories

1 year ago

Martina advises her tax client, Breslin Baked Goods, to disclose a matter by

Business

1 answer:

Angelina_Jolie [31]1 year ago

6 0

Answer:The answer is B

Explanation:

The ethics of a profession are the rules and regulation put in place by the professional body for the profession to guide the conduct of each professionals in the practice of their profession. The ethics of the profession also specify the punishment that will be given to any members that break the rules set for them in code of professionals practice. The pratictioners in the performance of their duties must be objective, show high level of integrity, and must not be seen to be misrepresenting the facts.

The CPA are responsible for given professional advice to their client, they also prepare the tax returns of their client and also they help their client in filing their tax return with the tax authority (IRS). In this case, since Breslin has refused to disclose a matter, Martina has to terminate the engagement and report Breslin to the IRS office of professional responsibility. So that in the event that the IRS now discovered that Breslin Baked Good has not been paying the correct tax they supposed to pay to the government, Martina would have been free of the crime, because he has reported the matter to the IRS to free himself from the blame and not to be regarded as an accomplice in the crime.

You might be interested in

After being influenced by frequent advertisements, Jeremy buys a new cell phone. However, he discovers that the new cell phone d

svetlana [45]

Answer: The actual value

Explanation: In simple words, actual value refers to the utility satisfaction that a customer receives after purchasing a product.

The only difference between perceived value and actual value is that while calculating perceived value the customer compares his product with other product . However, while calculating actual value he only compares the existing performance with his or her expectations.

In the given case, Jeremy feels the product he buy is no as useful as he thought. Hence it lacks actual value.

5 0

1 year ago

A government bond is NOT as liquid as cash because the bond:

Vesna [10]

Answer:

Option b

Explanation:

In simple words, A government bond reflects a government-issued debt, which is offered to buyers to finance government expenditure. The US Federal reserve is selling the government bonds over the year throughout listings.

Any selling of Treasury bonds throughout the secondary sector. Professional shareholders may purchase or sell previously issued bonds through such a platform with a company or broker operating with it.

6 0

1 year ago

1. pasar la aspiradora 2. arreglar la sala 3. barrer el sótano 4. lavar la cafetera 5. no ensuciar el piso de la cocina

Pavlova-9 [17]

Answer:

1. Pase la aspiradora.

2. Arregle la sala.

3. Barra el sótano.

4. Lave la cafetera.

5. No ensucie el piso de la cocina.

Explanation:

To complete this exercise, you should give instructions to people cleaning a house by changing the verb phrases into formal commands or imperatives.

The translation:

1. Vacuum.

2. Tidy the room.

3. Sweep the basement.

4. Wash the coffee maker.

5. Do not dirty the kitchen floor.

4 0

2 years ago

Southeastern Oklahoma State University's business program has the facilities and faculty to handle an enrollment of 2,200 new s

docker41 [41]

Answer:

a. 0.7273 or 72.73%

b. 0.8875 or 88.75%

Explanation:

a. Utilization rate is the ratio of the amount of installed capacity planned to be used relative to the total installed capacity. This can be stated as follows:

Utilization rate = ICP ÷ TC ......................................... (1)

ICP = Amount of installed capacity planned to be used

TC = Total installed capacity

From the question, ICP = 1,600 while TC = 2,200. Substituting this into equation (1), we have:

Utilization rate = 1,600 ÷ 2,200 = 0.7273 or 72.73%

Therefore, utilization rate is 0.7273 or 72.73%.

b. Efficiency rate is the ratio of the actual installed capacity used relative to the amount of installed capacity planned to be used. This can be stated as follows:

Efficiency rate = AIC ÷ ICP ......................................... (1)

AIC = Actual installed capacity used

ICP = Amount of installed capacity planned to be used

From the question, ICP = 1,420 while TC = 1,600. Substituting this into equation (1), we have:

Efficiency rate = 1,420 ÷ 1,600 = 0.8875 or 88.75%

Therefore, efficiency rate is 0.8875 or 88.75% .

3 0

2 years ago

Brown Corporation earns $600,000 and pays cash dividends of $200,000 during 2012. Dexter Corporation owns 3,000 of the 10,000 ou

fomenos

Answer: $920,000

Explanation:

Given the following :

Beginning balance = $800,000

Brown's earning = $600,000

Casg Dividend = $200,000

Dexter's portion of brown's outstanding shares = 3000/ 10000 = 0.3

Therefore, Dexter's investment account is as follows :

Beginning balance + (earning × 0.3) - (Dividend × 0.3)

$800,000 + ($600,000 × 0.3) - ($200,000 × 0.3)

$800,000 + $180,000 - $60,000

$980000 - $60000 = 920000

4 0

2 years ago