Which of the Following Is Not Considered a Primary Authority

question 45

Multiple Choice

Which of the following is not considered a primary authority?

• A)Tax Court case
• B)Treasury Regulation
• C)Revenue ruling
• D)Tax service
• E)None of the choices are correct.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset over its useful life.

Unearned Revenue

Money received by a company for goods or services that have not yet been provided, recorded as a liability until the goods or services are delivered.

Magazine Subscription

A payment made in exchange for receiving regular copies of a magazine, journal, or other periodical publication.

Payment

The transfer of money, goods, or services in exchange for a product, service, or to fulfill a legal obligation.