The first country to mandate that its central bank adopt inflation targeting was

Rimrock Partnership has a fiscal year ending June 30. The partnership's four partners have the following ownership percentages and fiscal years: Marble 30% Owner March 31 Stone 25% Owner December 31 Brick 25% Owner September 30 Quartz 20% Owner September 30 Assuming the partnership does not make a Sec. 444 election and does not establish a business purpose for a different period, what tax year must the partnership use to file its tax return?

A. March 31. B. December 31. C. June 30. D. September 30.

The study and practice of auditing is unlike other areas in accounting because it

A) Requires the memorization of formulas and patterns. B) Requires the knowledge of GAAP. C) Requires common sense and some creativity. D) Is required by law for all companies in the United States.