The search or securities” would find documents that contain both the term and the term “stock “stock” “securities.” True False ANSWER: FEEDBACK: This search would find documents that have the word or the word RATIONALE: either “stock” “securities.” 1 POINTS: Easy DIFFICULTY: The IRS website is a full-service, tax research resource. True False ANSWER: FEEDBACK: The IRS website, while containing much useful information, is not a full-service RATIONALE: tax research resource. 1 POINTS: Easy DIFFICULTY: One of the issues a tax researcher should be concerned about is how definitive a research result must be. True True ANSWER: 1 POINTS: Easy DIFFICULTY: The CPA exam is prepared by the AICPA. True False True ANSWER: 1 POINTS: Easy DIFFICULTY: All primary source material has the same precedential value. True False False ANSWER: FEEDBACK: Different types of primary authority have different value as precedent. The RATIONALE: researcher must understand the hierarchy of primary sources. 1 POINTS: Moderate DIFFICULTY:
The search “stock or securities” would find documents that contain both the term “stock” and the term “securities.” True ANSWER: False RATIONALE: FEEDBACK: This search would find documents that have either the word “stock” or the word “securities.” POINTS: 1 DIFFICULTY: Easy The IRS website is a full-service, tax research resource. True False ANSWER: RATIONALE: FEEDBACK: The IRS website, while containing much useful information, is not a full-service tax research resource. POINTS: 1 DIFFICULTY: Easy One of the issues a tax researcher should be concerned about is how definitive a research result must be. True ANSWER: True POINTS: 1 DIFFICULTY: Easy The CPA exam is prepared by the AICPA. True False ANSWER: True POINTS: 1 DIFFICULTY: Easy All primary source material has the same precedential value. True False ANSWER: False RATIONALE: FEEDBACK: Different types of primary authority have different value as precedent. The researcher must understand the hierarchy of primary sources. POINTS: 1 DIFFICULTY: Moderate
Test-Bank-for-Federal-Tax-Research-10th-Edition-by-Sawyers.docx