Identify Which of the Following Statements Is False

question 67

Multiple Choice

Identify which of the following statements is false.

• A)Letter rulings are not published by the U.S. Government Printing Office.
• B)Technical advice memoranda are issued by the Internal Revenue Service's National Office to provide an answer to a technical question that arises in an audit.
• C)The citation Ann. 2006-12, I.R.B. 2006-51, 22 refers to an annotation of an Internal Revenue Service release.
• D)Announcements are more technical than information releases.

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Definitions:

Financial Statements

Reports outlining a firm's financial health, encompassing its balance sheet, income statement, and cash flow statement.

Rigid Guidelines

Strict rules or procedures that are followed without allowance for flexibility.

Generally Accepted Guidelines

Broad principles, standards, and norms adhered to in a particular field or profession.

Broad Principles

General, overarching rules or guidelines that inform or direct action in a wide range of situations.