________ consumers are the most affluent U.S. demographic segment and are expected to have an annual buying power approaching $1 billion by 2017

Once the IRS determines that a tax shelter is abusive, it may do all of the following EXCEPT:

A) charge interest on back taxes. B) charge the taxpayer with intent to defraud. C) sentence the abuser to a prison sentence. D) disallow all deductions.

Deferrals occur when a company receives or pays cash before recognizing revenue or expense in the income statement

Indicate whether the statement is true or false.