Amanda jones is a tax practitioner who is representing sean and diane smith before the wage and investment division of the internal revenue service. the irs is questioning sean and diane on contributions that were listed on their 2018 form 1040. while reviewing the documentation provided by sean and diane, amanda discovers contributions that were made to a non-qualified organization. what is the appropriate action for amanda to take? a. amanda must advise sean and diane on how to keep the inaccuracy from being discovered by the irs b. amanda must advise sean and diane promptly of the inaccuracy and the consequences provided by the internal revenue code and regulations c. amanda must notify the internal revenue service that she is no longer representing sean and diane by withdrawing her form 2848 d. amanda must immediately advise the internal revenue service examiner of the non-qualified contributions

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.

The following data were taken from the records of clarkson company for the fiscal year ended june 30, 2017. raw materials inventory 7/1/16 $58,100 factory insurance $4,800 raw materials inventory 6/30/17 46,600 factory machinery depreciation 17,100 finished goods inventory 7/1/16 99,700 factory utilities 29,400 finished goods inventory 6/30/17 21,900 office utilities expense 9,350 work in process inventory 7/1/16 21,200 sales revenue 560,500 work in process inventory 6/30/17 29,400 sales discounts 4,700 direct labor 147,550 plant manager’s salary 63,400 indirect labor 25,360 factory property taxes 9,910 accounts receivable 28,000 factory repairs 2,500 raw materials purchases 97,300 cash 39,200 a) prepare a cost of goods manufactured schedule (assume all raw materials used were direct materials). b) prepare an income statement through gross profit c)prepare the current assets section of the balance sheet at june 30, 2014

The adjusted trial balance should be prepared the financial statements are prepared in order to prove the of the debits and credits. before; equality before; accuracy after; equality after; accuracy