Business Essentials (12th Edition) (What's New in Intro to Business)
Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
Question
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Chapter 15, Problem 15.22EE
Summary Introduction

Case summary:

Person A is an owner of the small contracting business. In the late of January 2018, Person A delivered his income records and original expenses to Person K, who is a CPA, to prepare tax returns and financial statements for the year of 2017. After a few weeks, Person K delivered the financial statement to Person A in which he found that he owes a lot of tax money.

As he is just recovering from the recession, he could not be able to pay such a huge tax. However, Person K stated that she cannot make the change. Hence, Person A is disappointed.

To determine: The things to be done by Person A and Person K in this situation.

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