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:

Constant

A value that does not change.

Present Value

The present financial value of a sum of money to be received in the future or a series of cash flows, considering a specific return rate.

Annual Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits on a per-share basis each year.

Dividend Growth Model

A model that estimates the value of a company's stock based on its expected future dividends and their growth rate.