This year, Mr. Chester gave $50,000 to an old friend who has no legal obligation to repay the money. The entire $50,000 is a taxable gift.
Answer the following statement true (T) or false (F)
False
Only the amount in excess of the annual exclusion is a taxable gift.
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The IAS designation for the preferred accounting treatment is referred to as:
a. benchmarking. b. conformity. c. reconciliation. d. convergence.
Which of the following is not true, under UCC Article 2, about a merchant's firm offer:
a. requires a signed writing by the offeror that the offer will remain open for a given period b. is irrevocable if stated in writing that it remains open for a given time c. stays open for a time not to exceed 3 months, if no other period of time is stated in the offer d. does not require consideration to be irrevocable e. all of the other choices are true
Which of the following is a more precise way to define the content of an XML document?
A) a schema B) a document attribute list C) an ID REF, listing the identifiable elements of a document D) an XML repository specifications document
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Answer the following statement true (T) or false (F)