A Gift Tax Return Does Not Need to Be Filed

question 90

True/False

A gift tax return does not need to be filed unless the taxpayer has made current gifts in excess of the applicable credit.

Grasp Marshall McLuhan's arguments about media being space biased and his broader views on communication technologies.

Recognize the historical significance and processes of print technologies, including movable type and its impact on society.

Relate to Innis's theories of communication and the ability of modern generations to transcend space.

Evaluate the sociological perspectives on the impact of mobile technologies on community and social interactions.

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Definitions:

Capital Account

A capital account is an account on a company's balance sheet that represents the equity investment of owners and shareholders.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to a permanent equity account.

General Ledger

A thorough collection of financial records that documents every financial transaction undertaken by a business.

Adjustments Credit Column

The part of a financial or accounting document where adjustments are made to credits, increasing the value of certain accounts.