ch4 tax quest

ch4 tax quest - CHAPTER 4 GROSS INCOME: CONCEPTS AND...

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CHAPTER 4 GROSS INCOME: CONCEPTS AND INCLUSIONS Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Learning Objective, Level of Difficulty, Estimated Time to Completion, and the AACSB’s and AICPA’s Core Competencie s for each test item are located within the item itself. Status: Q/P Question/ Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 Realization New 2 Realization Unchanged 2 3 Realization Unchanged 3 4 Economic income and realization Unchanged 4 5 Economic income versus tax gross income Unchanged 5 6 Tax accounting versus financial accounting New 7 Tax accounting versus financial accounting Unchanged 7 8 Original issue discount New 9 Original issue discount: Series EE bonds Unchanged 9 10 Savings bonds and certificates Unchanged 10 11 Easement and recovery of capital Unchanged 11 12 Cash basis and prepayments Unchanged 12 13 Accrual basis and prepayments Unchanged 13 14 Prepaid income Unchanged 14 15 Prepaid income Unchanged 15 16 Prepaid income Unchanged 16 17 Constructive receipt Unchanged 17 18 Constructive receipt: cash versus accrual method New 19 Who is the taxpayer? Unchanged 19 20 Who is the taxpayer? New 21 Constructive receipt Unchanged 21 22 Accrued interest Unchanged 22 23 Dividends: whose income Unchanged 23 24 Income received by an agent Unchanged 24 25 S corporation New 26 Partnership income Unchanged 26 27 S corporation income Unchanged 27 28 Partnership income New 29 Partnership income Unchanged 29 30 Partnership income Unchanged 30 4-1
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4-2 2010 Annual Edition/Test Bank Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 31 S corporation income Unchanged 31 32 Interest: whose income New 33 Community property income Unchanged 33 34 Alimony Unchanged 34 35 Alimony Unchanged 35 36 Alimony and child support Unchanged 36 37 Divorce: property transfers Unchanged 37 38 Divorce: property transfers Unchanged 38 39 Alimony recapture Unchanged 39 40 Alimony recapture Unchanged 40 41 Below-market loans Unchanged 41 42 Below-market loans New 43 Below-market loans Unchanged 43 44 Annuities Unchanged 44 45 Annuities Unchanged 45 46 Prizes New 47 Group term life insurance Unchanged 47 48 Social Security Unchanged 48 49 Social Security Unchanged 49 50 Social Security Unchanged 50 MULTIPLE CHOICE 1 Realization Unchanged 1 2 Realization Unchanged 2 3 Claim of right doctrine and an easement Unchanged 3 4 Claim of right doctrine Unchanged 4 5 Damages and goodwill New 6 Constructive receipt: cash surrender value Unchanged 6 7 Constructive receipt: contract negotiation Unchanged 7 8 Constructive receipt: deferred compensation New 9 Cash surrender value of insurance Unchanged 9 10 Original issue discount Unchanged 10 11 Original issue discount Unchanged 11 12 Original issue discount Unchanged 12 13 Prepaid income
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ch4 tax quest - CHAPTER 4 GROSS INCOME: CONCEPTS AND...

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