A Tax Tied to a Requirement to Keep Detailed Records

question 146

Multiple Choice

A tax tied to a requirement to keep detailed records of gun sales:

• A) rewards businesses that make guns
• B) protects businesses that make guns
• C) keeps gun sales under close federal supervision
• D) prevents gun sales from being under federal supervision
• E) none of the other choices are correct

---

Definitions:

Borrowing

The act of receiving something from someone with the intention of returning it or its equivalent.

Increasing Assets

Refers to the growth or escalation in the value of assets owned by a business or individual.

Accrued Expenses

Costs that have been incurred but not yet paid for, recognized under the accrual basis of accounting.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services delivered but not yet paid for.