Which of the Following Is a True Statement

question 43

Multiple Choice

Which of the following is a true statement?

• A)Interest expense is not deductible if the loan is used to purchase municipal bonds.
• B)Insurance premiums are not deductible if paid for "key-employee" life insurance.
• C)One-half of the cost of business meals is not deductible.
• D)All of these choices are true.
• E)None of the choices are true.

---

Definitions:

Rehearsal

The conscious repetition of information, either to maintain it in consciousness or to encode it for storage.

Persistence

The continued effort toward a goal despite obstacles or challenges.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.

Memory

The cognitive function that allows us to encode, store, retain, and subsequently recall information and past experiences.