The AICPA Internet Assurance Program That Includes a Certification and Seal

question 122

Short Answer

The AICPA Internet assurance program that includes a certification and seal is called ______________________________.

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Definitions:

Date of Contribution

The specific day on which an asset or financial investment was contributed or transferred to a particular entity or project.

Separately Stated Item

Items on a partnership's or S corporation's income tax return that are listed separately to ensure proper treatment at the individual level.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Capital Gain

The profit from the sale of a capital asset, such as stock, bond, or real estate, when the sale price exceeds the purchase price.