?If the futures price of a commodity rises, 1. the long position sustains a loss 2. the long position experiences a profit 3. the short position sustains a loss 4. the short position experiences a profit
A. 1 and 3
B. ?1 and 4
C. ?2 and 3
D. ?2 and 4
Answer: C
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A) Cliques B) Podcasts C) Interstitials D) Blogs E) Forums
The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is an agency within the ________ that enforces laws, develops regulations, and is responsible for tax collection for the liquor industry.
A. Department of Commerce B. Better Business Bureau C. Department of Internal Affairs D. Treasury Department E. Food and Drug Administration
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Indicate whether the statement is true or false
Identify which of the following statements is true.
A. Signing of Form 870-AD by the taxpayer does not generally preclude the subsequent filing of a refund claim. B. The IRS will issue a 90-day letter (a Statutory Notice of Deficiency) if the taxpayer does not file a protest letter within 10 days of the date of the 30-day letter. C. Form 870-AD is used if the taxpayer and IRS representative agree to a lesser tax liability than that originally proposed by the Service. D. All of the above are false.