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Problem 1: Which of the following 2:1 stock splits are excluded from gross income?
Option 1: 2:1 stock split with option to take property
Option 1: 2:1 stock split with option to take cash
Option 1: 2:1 stock split with no option to take cash or property
Option 1: All the above are excluded.
Option 1: None of the above are excluded.
Problem 2: Which fringe benefit can be excluded from gross income if it (1) is furnished by the employer, (2) is on the employer's business premises, (3) is for the employer's convenience, but (4) is not a requirement in accepting employment?
Option 1: Meals
Option 2: Lodging
Option 3: Both meals and lodging
Option 4: Neither meals and lodging
Financial information demonstrates consistency when
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question using the code letters below show how each of the items listed could be handled in preparing bank
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