Which of the following statements is (are) true regarding the Roth IRA? I. Roth IRA contributions are tax deductible. II. Roth IRA investment income accumulates income-tax free
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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The distinction between operating and nonoperating income relates to:
A. Reliability of measurements. B. Current versus noncurrent. C. Revenues versus expenses. D. Primary versus peripheral activities of the reporting entity.
Deferred expenses that benefit a relatively short period of time are listed on the balance sheet as current assets
Indicate whether the statement is true or false
Researchers have found that the contextual style of communication is often associated with:
A. high-power-distance, individualistic, low-context cultures. B. low-power-distance, individualistic, high-context cultures. C. high-power-distance, collective, high-context cultures. D. low-power-distance, collective, high-context cultures.
The Fair Housing Act exemptions do not apply to discrimination based on race or color
Indicate whether the statement is true or false