The Procedure Used Tomatch the Information Recorded on a Return

question 5

Multiple Choice

The procedure used tomatch the information recorded on a return with corresponding data received from third parties is referred toas the:

• A)Information Document Reconciliation Program
• B)Information Document Review Program
• C)Information Document Check Program
• D)none of these are correct

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Definitions:

Capital Account

In finance, a record of the financial transactions and investments between residents of a country and the rest of the world.

Capital Account

A national account that shows the net change in asset ownership for a country over a period of time.

Partnership Assets

Assets or property owned jointly by partners in a business partnership, used and managed for the benefit of the partnership.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user, involving logistics, warehousing, and transportation.