Why Does a Researcher Use a Citator

question 46

Multiple Choice

Why does a researcher use a citator?

• A)to check on authorities issued subsequent to a court decision
• B)to determine whether a private letter ruling exists on the subject
• C)for examples of the application of a tax provision
• D)None of the above.

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Definitions:

Float

The time difference between when a check is written and when the corresponding amount is actually withdrawn from the payer's account.

Collected Balance

Collected Balance refers to the amount of funds in a bank account that is available and has been processed completely, distinguishing it from the ledger balance.

Ledger Balance

The total balance of a bank account, calculated at the end of each business day, including all deposits and withdrawals that have been posted to the account.

Lockbox Arrangements

A service provided by banks to process payments quickly by collecting and depositing checks into the company's account on behalf of the company.