Which of the following items is included in the recipient's gross income?
A. Legal award for personal injury
B. Life insurance death benefit
C. Scholarship for college tuition, fees, and books
D. Legal award for punitive damages
Answer: D
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If r is the discount rate, the formula [1/(1 + r)] refers to the
a. future value interest factor associated with r for one period. b. present value of some future cash flow. c. present value interest factor associated with r for one period. d. future value interest factor for an annuity with a duration of r periods.
How is the cost computed for individual assets purchased as a lump-sum?
What will be an ideal response?
Delayed payment of bills by consumers is not possible with _____
a. credit card systems b. bank-based credit cards c. debit card systems d. retailer-based credit cards
Oral assignments are prohibited.
Answer the following statement true (T) or false (F)