The Internal Revenue Service Requires That Information from the Audited

question 11

True/False

The Internal Revenue Service requires that information from the audited financial statements be used to complete the Form 990.

---

Definitions:

Vice President

An executive role in a company or government, typically below the president, responsible for specific departments or decision-making.

Sales Staff

Sales staff are employees dedicated to selling products or services, often working directly with customers to meet their needs and close sales.

Negotiate

The process of discussing something with someone to reach a mutual agreement or compromise.

Payday Loan

A short-term, high-interest loan that is typically due on the borrower's next payday.