Ferris inherited State of Florida general-purpose bonds worth $2,400from his grandfather in 2016.He received $120interest on the bonds in 2016,2017and 2018.In 2017,he sells the bonds for a gain of $300.Ferris excludes the value of the bonds received and the bond interest,but must include a $300capital gain in his 2018gross income.Which of the following Concepts,Constructs,and/or Doctrines form.the basis for this treatment?()
I.Capital Recovery Concept
II.Legislative Grace Concept
III.Constructive Receipt Doctrine
IV.Realization Concept
A.Statements I and II are correct
B.Statements I and IV are correct
C.Statements II,III,and IV are correct
D.Statements I,II,and III are correct
E.Statements I,II,and IV are correct
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Paul won the Nobel Prize for Literature.He is awarded $1,000,000.His tax situation is
I.In general,the award must be included in gross income.()
II.The award may be excluded if he gives it to a qualified charity.
III.The award may be excluded if he gives it to the U.S.Government.IV.Awards for literary achievement are not taxable.
A.Only statement I is correct
B.Only statement II is correct
C.Only statements I,II,and III are correct
D.Only statement IV is correct
E.Only statements I,II,and IV are correct
A.Only statement I is correct
B.Only statement II is correct
C.Both statements are correct
D.Neither statement is correct
A.Only statement I is correct
B.Only statement II is correct
C.Both statements are correct
D.Neither statement is correct
A.Only statement I is correct
B.Only statement II is correct
C.Both statements are correct
D.Neither statement is correct
A.Only statement I is correct
B.Only statement II is correct
C.Both statements are correct
D.Neither statement is correct
A.whether the entity ceases to exist with a change in ownership
B.who manages the entity
C.whether the owners are risking any more than they invested in the firm
D.the ease with which ownership can be transferred
A.Only statement I is correct
B.Only statement II is correct
C.Both statements are correct
D.Neither statement is correct
A.Only statement I is correct
B.Only statement II is correct
C.Both statements are correct
D.Neither statement is correct.
A.Only I is correct
B.Only II is correct
C.Both statements are correct
D.Neither statement is correct
A.Only statement I is correct
B.Only statement II is correct
C.Both statements are correct
D.Neither statement is correct
最新试题
Which of the following can be the best title for this passage?()
The reason(A)Tom has made great progress(B)is for(C)she has never wasted(D)her time.
How does Li Xiang’s app help users develop good habits?()
What will an electronic pet be like if its user stays up late?()
【8】:()
【12】:()
【3】:()
【2】:()
What does the underlined word “projection”mean?()
In his brilliant essay“At the Head of the Peach Blossom Stream”,the great poet of the Eastern Jin Dynasty Tao Yuanming (1)_____(describe)a land of peace away from the turmoil of the world.But where on earth(2)_____(be)this ancient Shangri-la?There(3)_____(be)many guesses. Most people,especially those from Tao Yuanming's native place.(4)_____(believe)that it should(5)_____(be)what(6)_____(be)now(7)_____(call)the Yujing Hill,about two miles west of Star Child County (Xingzixian in Chinese),Jiangxi Province.The Yujing Hill(8)_____(wedge)between the picturesque Mount Lu and the mist-shrouded Poyang Lake.(9)_____(stand)at the summit of the hill and(10)_____(look)around,one(11)_____(see)down below level fields(12)_____(stud)with hamlets and villages,where cottages(13)_____(stand)in neat rows,footpaths(14)_____(crisscross)the farmland,and rice ears(15)_____(wave)in the winds.This(16)_____(be)just the picture(17)_____(depict)by the poet in his lines; Level fields(18)_____(extend)wavily to the far horizon, A new life(19)_____(flow)in lusty young seedlings. (20)_____(look)farther into the distance,one(21)_____(see)vast expanses of blue waters and a solitary,abrupt peak(22)_____(tower)amidst floating mists.This(23)_____(be)just the Fallen Star Hill(Luoxingshan in Chinese)(24)_____(praise)by the poet as“a solitary object of beauty that(25)_____(rise)clear out of the ground beside waters.” (26)_____(take)a closer look,one(27)_____(see)chimney smoke(28)_____(curl)up fromthe cottages at the foot of the hill,children(29)_____(frolic)on the threshing grounds or in the streams amid flocks of fowls,and farmers(30)_____(walk)briskly and(31)_____(work)busily in the fields.This(32)_____(be)just the scene of a contented life of plenty(33)_____(paint)by the poet in hisessay“At the Head of the Peach Blossom Stream”.