Determine the Incorrect Citation

question 58

Multiple Choice

Determine the incorrect citation:

• A)Ltr.Rul.20012305.
• B)George W.Guill,112 T.C.__,No.22 (1999).
• C)John H.Wong,T.C.Summary Opinion 2009-152.
• D)Rev.Rul,98-32,I.R.B.No.25,4.
• E)None of the above.

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Definitions:

Ordinary Income

Earnings derived from standard business operations and not classified as capital gains or dividend income.

Extraordinary Income

Uncommon and infrequent gains not related to the normal operations of a business.

Effective Interest Amortization

A method for calculating the amortized cost of a bond or loan based on periodic interest expense, reflecting the actual interest rate.

Bonds Outstanding

The total amount of bonds that have been issued by a corporation or government entity that remain unpaid.