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NEW QUESTION: 1

A. Option E
B. Option B
C. Option C
D. Option A
E. Option D
Answer: C,E

NEW QUESTION: 2
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable
income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own
and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores' 1994
Form 1040.
The Moores received $8,400 in gross receipts from their rental property during 1994. The expenses for
the residential rental property were:
A. $1,300
B. $2,000
C. $1,000
D. $50,000
E. $500
F. $25,000
G. $900
H. $55,000
I. $0
J. $75,000
K. $10,000
L. $2,500
M. $3,000
N. $1,250
O. $1,500
Answer: L
Explanation:
Explanation
"I" is correct. $2,500. Rental activity net income is reported on page one; the gross income ($8,400) is
fully reportable; and all deductions listed (total = $5,900) are fully deductible for a net of $2,500.

NEW QUESTION: 3

A. Public
B. Protected internal
C. Internal
D. Private
E. Protected
Answer: E
Explanation:
Explanation
Protected - The type or member can be accessed only by code in the same class or structure, or in a class that is derived from that class.
The protected keyword is a member access modifier. A protected member is accessible within its class and by derived class instances.
Reference: http://msdn.microsoft.com/en-us/library/ms173121.aspx