Both capital gains and dividend income from mutual funds are taxable in the year in which they are earned unless the mutual fund is held in a tax-sheltered plan

The CAN-SPAM Act ________

A) regulates spam sent internationally to Americans from other countries B) provides a civil right of action to individuals who have received unsolicited spam C) prohibits the messages themselves from containing graphic, sexually explicit material D) prohibits businesses from using spam to further their commercial interests

The term ________ refers to a secured creditor's possession of collateral on a debtor's default and proposal to retain the collateral in satisfaction of the debtor's obligation

A) repossession B) disposal of the goods C) disposition of collateral D) retention of collateral