Which of the following is a responsibility of a local office of the IRS?

A. Advising the Treasury Department on legislation
B. Appellate procedures
C. Developing IRS rules and regulations
D. Intelligence operations
E. None of these choices are correct

Ans: E. None of these choices are correct

Business

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Common-sized balance sheets show each account as a percentage of total sales to help analysts in

comparing companies of difference sizes. Indicate whether the statement is true or false

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The local printing company purchases a new copy machine that reduces the cost of making a

color copy by ten cents a copy. It normally makes 50,000 color copies a year and is in the 28 percent income tax bracket. The total benefits that this company will expect to realize is A) $5,000. B) $6,400. C) $3,600. D) $1,400.

Business