In your resources you were provided some of the top sources of credible accounting information. Using those websites and other sites where you can find credible information, answer the following questions and complete the following activities. Make sure that you use the dates specified in each section.
- Peruse all the websites to determine what types of information you can find in each of them and write a two or three sentence statement about each one.
- Assume you are the Chief Executive Officer of a public company listed on the New York Stock Exchange. Do you and the Chief Financial Officer personally have to attest that adequate internal control procedures have been set up in your company, and that those controls are operating effectively? Or is this something that only the auditors must attest to in the audited financial statements?
- I understand I can deduct my automobile cost by just taking a fixed amount per mile. How much of my automobile cost can I deduct for business use? Can I deduct automobile cost on my personal income tax an amount for doing charity work? Can I deduct an amount for automobile cost for going to the doctor or other medical needs? How about for moving to a new job? If so, how much can I deduct for each of these in 2021?
- If you have not done so already, register an account with Capital IQ (listed as required resources for this course). You would have gotten an email from Capital IQ with the registration instructions. If you haven't, email me immediately. This is free with your MTSU email. Read this brief introduction to Capital IQ (https://elearn.mtsu.edu/d2l/common/dialogs/quickLink/quickLink.d2l?ou=8909351&&type=coursefile&&fileId=Module+4/Capital+IQ+information.docx). Answer the following questions about Nathan's Famous Hot Dogs. Pay careful attention to what year(s) is being asked about in each question.