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NEW QUESTION: 1
A cash basis taxpayer should report gross income:
A. Only for the year in which income is actually received in cash.
B. Only for the year in which income is actually received whether in cash or in property.
C. For the year in which income is either actually or constructively received in cash only.
D. For the year in which income is either actually or constructively received, whether in cash or in
property.
Answer: D
Explanation:
Explanation
Choice "d" is correct. A cash basis taxpayer should report gross income for the year in which income is
either actually or constructively received, whether in cash or in property.
Choice "a" is incorrect. Income also be constructively received in property - not only actually in cash.
Choice "b" is incorrect. Income also be constructively received - not only actually.
Choice "c" is incorrect. Income also be received in property - not only cash.
NEW QUESTION: 2
A. Option C
B. Option D
C. Option B
D. Option E
E. Option A
Answer: B,D
NEW QUESTION: 3
In order to use the output of ls to overwrite a file called bazz, which of the following command lines would you use?
A. ls > bazz
B. ls >& bazz
C. ls &> bazz
D. ls >> bazz
Answer: A