The Lilly Family School of Philanthropy reported American philanthropy directed to internal programs totaled ______ billion in 2016.
A. $10
B. $14
C. $16
D. $22
D. $22
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Natalie transferred $500,000 of bonds to a revocable trust with directions to the trustee to pay income to her aunt for five years, after which the corpus is to be distributed to Natalie's niece. At year-end, the trustee paid $16,000 of income to the aunt. Which of the following is a true statement?
A. Natalie has not made a complete gift because the trust is revocable. B. Natalie has made a taxable gift of $16,000. C. Natalie has made a complete gift of $500,000. D. Natalie has made a taxable gift of $1,000. E. None of the choices are correct.
Mail-order wholesalers are associated with all of the following EXCEPT which one?
A) selling products to small retailers and other industrial customers B) selling products to retailers in remote locations C) allowing shipment prior to receiving payment D) carrying products in inventory E) selling through catalogs
Financial statements may be prepared from an adjusted trial balance
Indicate whether the statement is true or false
The State Opera Company has a contract with a famous tenor to perform in its production of La Boheme. If the tenor chooses, he may delegate his duties under the contract to an equally well-known tenor
a. True b. False Indicate whether the statement is true or false