Choose the incorrect statement. a. The choice to file on a fiscal year-end basis must be made with an initial tax return. b. An individual may request IRS approval to change to a fiscal year-end basis if certain conditions are met. c. Almost all individuals file tax returns using a calendar year accounting period. d. Books and records may be kept on a different year-end basis than the year-end used for tax purposes.

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?

The following accounts are from last year’s books at s manufacturing: raw materials bal 0 (b) 157,400 (a) 172,500 15,100 work in process bal 0 (f) 523,600 (b) 133,700 (c) 171,400 (e) 218,500 0 finished goods bal 0 (g) 477,000 (f) 523,600 46,600 manufacturing overhead (b) 23,700 (e) 218,500 (c) 27,700 (d) 159,400 7,700 cost of goods sold (g) 477,000 s manufacturing uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. what is the amount of cost of goods manufactured for the year

Afamily wishes to save for future college expenses. which financial tool should the family invest in?