Statement on standards for tax services no. 1 establishes as a basic principle of providing tax services that the cpa: multiple choice
a) can never recommend a tax position to the client without disclosing it to the sec
b) must have a good faith belief that the tax return position will be accepted by the irs
c) can never recommend a tax position to the client when it is more likely than not to be challenged by the irs
d) must have a good faith belief that the tax return position has a realistic possibility of success if challenged by the irs

If you were running a company, what are at least two things you could do to improve its productivity.

Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.