Which of the following statements is (are) true regarding the taxation of distributions from individual annuities?
I. Individual annuity distributions are never taxable.
II. Once the annuitant has recovered the premiums he or she paid for the annuity, the entire annuity distribution is taxable.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Swanson, Inc. uses a periodic inventory system. From the following details, calculate the cost of goods sold
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A ________ design requires a clear specification of the who, what, when, where, why, and way (the six Ws) of the research. A) descriptive B) causal C) exploratory D) none of the above