The IRS local offices process most individual tax returns

a. true
b. false

Ans: b. false

Business

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An individual analyzing a firm's financial statements should do all but one of the following:

A) Use unaudited financial statements. B) Do a trend analysis. C) Perform a benchmark analysis. D) Compare the firm's performance to that of its direct competitors.

Business

Smith & Sons reports sales revenue of $2,000,000 on its income statement. Its balance sheet reveals beginning and ending accounts receivable of $120,000 and $184,000, respectively. What is the amount collected from customers of the company?

A. $2,184,000 B. $2,120,000 C. $2,064,000 D. $1,936,000

Business