In which of the following ways are tax returns selected for audits?

A. Through news sources
B. Through information matching
C. Through informants
D. Through the Discriminant Function System
E. All of these choices are true

Ans: E. All of these choices are true

Business

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Of the following errors, which one by itself will cause the trial balance to be out of balance?

A) A $200 cash salary payment posted as a $200 debit to Cash and a $200 credit to Salaries Expense. B) A $100 cash receipt from a customer in payment of his account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable. C) A $75 cash receipt from a customer in payment of his account posted as a $75 debit to Cash and a $75 credit to Cash. D) A $50 cash purchase of office supplies posted as a $50 debit to Office Equipment and a $50 credit to Cash. E) An $800 prepayment from a customer for services to be rendered in the future was posted as an $800 debit to Unearned Revenue and an $800 credit to Cash..

Business

Product adaptation not only involves altering the product to meet local preferences, but also calls for a change in the communication strategy

Indicate whether the statement is true or false

Business