Interpret the Following Citation: 64-1 USTC ¶9618, Aff'd in 344

question 81

Multiple Choice

Interpret the following citation: 64-1 USTC ¶9618, aff'd in 344 F.2d 966.

• A) A U.S. Tax Court Small Cases Division decision that was affirmed on appeal.
• B) A U.S. Tax Court decision that was affirmed on appeal.
• C) A U.S. District Court decision that was affirmed on appeal.
• D) A U.S. Circuit Court of Appeals decision that was affirmed on appeal.
• E) None of the above.

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Definitions:

Specialization And Trade

The practice where individuals or entities focus on the production of specific goods or services to trade for other goods or services rather than producing everything they need by themselves.

Terms Of Trade

The ratio of an index of a country's export prices to an index of its import prices.

Bushel

A bushel is a unit of volume that is used for measuring agricultural commodities, with the exact weight varying by the type of commodity.

Lbs. Of Tea

This is not a key term in the context of economics or business; it refers to pounds of tea, a unit of measure for weight.