A Form 1099 with No Withholdings, Where Withholdings Should Exist

question 42

Multiple Choice

A form 1099 with no withholdings, where withholdings should exist, may be a fraud symptom for which liability account?

• A) Accounts payable
• B) Unearned revenues
• C) Contingent liabilities
• D) Accrued liabilities

---

Definitions:

Sporophyte Generation

The 2n, spore-producing stage in the life cycle of a plant. Compare with gametophyte generation.

Liverworts

A phylum of spore-producing, nonvascular, thallose or leafy plants with a life cycle similar to that of mosses.

Club Mosses

A phylum of seedless vascular plants with a life cycle similar to that of ferns.

Horsetails

Fern relatives with hollow, jointed stems, to which tiny leaves (reduced megaphylls) are attached in whorls.