Edie would like to better understand a new code section enacted four weeks ago. which of the following authorities will edie understand the newly enacted code section?
a. irs regulations.
b. u. s. tax court cases.
c. committee reports.
d. irs revenue rulings.
e. none of these.

Which of the following is a problem for the production of public goods?

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?