To avoid tax return preparer penalties for a return's understated tax liability due to an intentional disregard of the regulations, which of the following actions must a tax preparer take?
A. Audit the taxpayer's corresponding business operations.
B. Review the accuracy of the taxpayer's books and records.
C. Make reasonable inquiries if the taxpayer's information is incomplete.
D. Examine the taxpayer's supporting documents.
Answer: C. Make reasonable inquiries if the taxpayer's information is incomplete.
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Which of the following is true of distribution at the introduction stage in the product/service life
cycle? A) Distribution is mostly selective, with the exception of exclusive distribution for luxury goods. B) Distribution is at its most intense in this stage. C) Distribution gradually moves from being mostly intensive to selective. D) Main channels are retained, while alternate channels are dropped.
What is the dirty price of a bond?
A) the bond's price based only on the bond's yield B) the bond's actual cash price C) the bond's price based only on coupon payments D) the bond's price less an adjustment for changes in interest rates