Ch4V1TB - CHAPTER 4 GROSS INCOME: CONCEPTS AND INCLUSIONS...

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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. 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 Unchanged 6 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? Unchanged 20 21 Constructive receipt Unchanged 21 22 Accrued interest Unchanged 22 23 Dividends: whose income New 24 Income received by an agent Unchanged 24 25 S corporation Unchanged 25 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 31 S corporation income Unchanged 31 32 Dividends: whose income New 33 Community property income Unchanged 33 34 Alimony Unchanged 34 4-1
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4-2 2009 Annual Edition/Test Bank 35 Alimony Unchanged 35 Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 36 Alimony and child support Unchanged 36 37 Divorce: property transfers Unchanged 37 38 Divorce: property transfers Unchanged 38 39 Alimony recapture New 40 Alimony recapture New 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 Unchanged 46 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 New 2 Realization Unchanged 2 3 Claim of right doctrine and an easement Unchanged 3 4 Claim of right doctrine Unchanged 4 5 Damages Unchanged 5 6 Constructive receipt: cash surrender value Unchanged 6 7 Constructive receipt: contract negotiation Unchanged 7 8 Constructive receipt: deferred compensation Unchanged 8 9 Cash surrender value of insurance Unchanged 9 10 Original issue discount New 11 Original issue discount Unchanged 11 12 Original issue discount Unchanged 12 13 Prepaid income New 14 Prepaid income Unchanged 14 15 Prepaid income Unchanged 15 16 Prepaid income Unchanged 16 17 Prepaid income Unchanged 17 18 Prepaid income Unchanged 18 19 Prepaid income
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This note was uploaded on 10/24/2011 for the course ACC 432A taught by Professor Forrestyoung during the Fall '11 term at National.

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Ch4V1TB - CHAPTER 4 GROSS INCOME: CONCEPTS AND INCLUSIONS...

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