Which of the Following Is Most Likely Based on an Assumption

question 44

Multiple Choice

Which of the following is most likely based on an assumption?

• A) accounting for the holding period of an investment
• B) accounting for sales tax
• C) accounting for land
• D) both A & C

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Definitions:

Federally Funded

Financially supported or subsidized by a national government.

Low Income

The condition of earning at or below a specified threshold of income, often used to determine eligibility for certain social services or tax benefits.

Double Indemnity

An optional provision in life insurance policies that provides that the insurer will pay double the amount due to a beneficiary if the insured dies from accidental causes.

Beneficiaries

Individuals or entities entitled to receive benefits or assets under the terms of a will, trust, insurance policy, or other financial instrument.