You cannot include ____________________ information when declaring a formal parameter.

Fill in the blank(s) with the appropriate word(s).


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The original message or data that is fed into the algorithm is __________

A. encryption algorithm B. secret key C. decryption algorithm D. plaintext

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The _________ accepts the message submitted by a Message User Agent and enforces the policies of the hosting domain and the requirements of Internet standards

A. Message Store B. Mail Submission Agent C. Message Transfer Agent D. Mail Delivery Agent

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What tax issues should the parties to the divisive transaction consider?

In Fall 1999, Ford Motor Company's board of directors announced the $25.8 billion spin-off of its 80.7% interest in the Associated First Capital Corporation finance unit to the Ford shareholders. Ford said that it would distribute about $22.7 billion in Associates shares to its holders of Ford common and Class B stock, and $3.1 billion in cash to shareholders who hold Ford stock in U.S. employee savings accounts. According to market observers who track Ford operations, the spin-off is one of several moves Ford has taken to increase shareholder value by selling off nonautomotive assets, moves that included the initial public offering in April 1999 of Hertz Corporation. Ford said that it will take a one-time, noncash, nontaxable gain of about $16.5 billion in the first quarter as a result of the spin-off.

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Mike, a dealer in securities and calendar-year taxpayer, purchased a security for inventory on November 18, 2017 for $15,000. The FMV on December 31, 2017 was $16,000. The security was sold on December 19, 2018 for $16,500. These transactions result in

A. $0 ordinary income in 2017; $1,500 LTCG in 2018. B. $1,000 ordinary income in 2017; $500 ordinary income in 2018. C. $1,000 ordinary income in 2017; $500 LTCG in 2018. D. $0 ordinary income in 2017; $1,500 ordinary income in 2018.

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