Which of the Following Internal Activities,once Outsourced,could Commonly Result in Service

question 52

Multiple Choice

Which of the following internal activities,once outsourced,could commonly result in service provider staff working within the purchaser organization? 

• A) Finance activities. 
• B) Security services. 
• C) Market research. 
• D) Cleaning services.

Grasp the process and purpose of transferring transaction information to ledger accounts.

Understand the structure and significance of a chart of accounts.

Recognize the treatment of deferred revenues in financial statements.

Understand the basic principles and processes of recording financial transactions in accounting.

---

Definitions:

Progressive

Referring to a tax system in which the tax rate increases as the taxable amount increases.

Circular 230

A set of regulations governing tax professionals issued by the United States Treasury Department.

Tax Preparers

Professionals skilled in preparing and filing tax returns on behalf of individuals and businesses to ensure compliance with tax laws.

Tax Rate Structure

The method or system by which taxes are levied on income, goods, services, and properties, which can be progressive, regressive, or proportional.