Which of the Following Is Not a Secondary Authority

question 18

Multiple Choice

Which of the following is not a secondary authority?

• A) Tax textbook
• B) Commercial tax service
• C) Tax professional journal
• D) Revenue procedure

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Definitions:

Cash Dividend

Cash payments made by a company to its shareholders, usually as a distribution of profits.

Extra Dividend

A one-time payment made by a company to its shareholders, in addition to regular dividends, usually indicative of exceptional earnings.

Special Dividend

A one-time distribution of profits by a company to its shareholders, in addition to any regular dividends.

WACC

The weighted average cost of a company's capital from all sources, including equity and debt, used to evaluate investment possibilities.