Question: When reviewing an income statement presented by a client, you see the following information. Which might indicate that could be an issue with the income

When reviewing an income statement presented by a client, you see the following information. Which might indicate that could be an issue with the income statement?

1 .

Depreciation for vehicles on an S corporation in the delivery services business.

2 .

Reimbursement for business use of home for a partnership.

3 .

Salary expense for a

2 % +

shareholder in an S corporation that includes health insurance paid by the entity.

4 .

Salary expenses for a partnership with no employees.

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