Which of the Following Statements Is/are Correct

question 59

Multiple Choice

Which of the following statements is/are correct?
I.Danny falls off a ladder at work and is hospitalized for two weeks. He receives $650 from the state worker's compensation fund, his regular $1,800 salary, and $925 disability pay from his employer's health and accident insurance plan. Danny must recognize $2,725 of income from the payments.
II.Donna's grandfather dies and leaves her City of Goldsboro bonds that are worth $57,000. The bonds have a face value of $50,000 and pay 5% annual interest. Donna must include the $2,500 of interest she receives in her gross income.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Auto Fill Options

Features in spreadsheet and database applications that automatically fill cells with data based on patterns or predefined criteria.

Destination Area

The target location to which data is moved or copied in a document or application.

Source Area

The specific location from which data is obtained or derived, often referring to a section of code or a data input field.

Fill Color

The feature in software applications that allows users to apply color to the interior space of graphical objects or text backgrounds.