Question
45. Ending inventory a. increases Cost of Goods Sold. b. decreases Cost of Goods Sold. c. does not affect Cost of Goods Sold. d. increases
45. Ending inventory
a. increases Cost of Goods Sold.
b. decreases Cost of Goods Sold.
c. does not affect Cost of Goods Sold.
d. increases Sales.
46. The tax form that is used by corporations to report taxable income is called
a. Form 1120.
b. Form 1065.
c. Form 1040.
d. Form 1030.
47. Under the United States tax code, there are ____basic reporting entities.
a. five
b. two
c. three
d. four
48. The tax form used by individual taxpayers to report business income is called
a. Schedule A.
b. Schedule B.
c. Schedule C.
d. Schedule D.
49. The tax form that is used by individual taxpayers to report self-employment tax is called
a. Schedule C.
b. Schedule D.
c. Schedule F.
d. Schedule SE.
50. The tax form used by S corporations to report taxable income is called
a. Form 1120.
b. Form 1120S.
c. Form 1040.
d. Form 1030.
I know there is more than one, but please solve as many as you would mind. Thank you
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