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NEW QUESTION: 1
Which of the following statements concerning the generation-skipping transfer tax (GSTT) is (are) correct?
1.An annual exclusion against GSTT will shelter gifts by a grandparent to a trust benefitting multiple grandchildren.
2.Tuition payments made directly by a grandparent to a university for a grandchild's education are exempt from GSTT.
A. 1 only
B. Neither 1 nor 2
C. Both 1 and 2
D. 2 only
Answer: D
NEW QUESTION: 2
According to The Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing, which of the following should the internal audit team evaluate in its assessment of the risk management process?
A. The organization s risk exposures relating to the sale of assets
B. The organization s fraud risk management initiatives
C. The management team's assessment of the internal controls over financial reporting
D. The materiality of the organization s financial statements
Answer: B
NEW QUESTION: 3
A. Option A
B. Option C
C. Option D
D. Option B
Answer: C
Explanation:
Explanation
The local database must be referenced in all capital letters when AAA is in use. If lower case letters are used,
the ASA will look for an AAA server group called "local".
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