Under what circumstances may a tax preparer who prepares federal tax returns endorse or otherwise negotiate a taxpayer's federal tax refund check?

a) A tax preparer may cash a federal tax refund check if the taxpayer endorses the check and grants power of attorney on form 2848.

b) no circumstances exist that allow a tax preparer to endorse or otherwise negotiate a taxpayer's federal ta refund check.

c) A tax preparer may endorse and cash a federal tax refund check if the amount of the check is less than $ 100 and the taxpayer has no bank account.

d) a tax preparer who is authorized to represent taxpayers, may endorse and cash a federal tax refund check for the taxpayer.

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.