If You Are Unable to File Your Tax Returns by the Deadline,you

question 23

Multiple Choice

If you are unable to file your tax returns by the deadline,you may file form 4868,Application for Automatic Extension of Time,and receive an extension of up to four months

• A) upon approval.
• B) automatically.
• C) if you meet the IRS requirements.
• D) none of the above

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Definitions:

Average Unit Cost

The total cost of goods available for sale divided by the number of units available for sale, used to value inventory.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving more weight to some numbers than others.

Self-Constructed Property

Real estate or assets that a company builds for its own use, rather than purchasing or leasing from another entity.