Entering transactions into the journal is called posting

Which of the following statements regarding required minimum distributions is NOT correct?

A) Required minimum distributions must occur no later than age 59½. B) The first minimum withdrawal can be delayed until April 1 of the year following the owner turning 70½. C) Annual minimum withdrawals are based upon the life expectancy of the owner. D) There is a 50% penalty on taxes owed if minimum distributions are not taken.

Any western country doing business in Malaysia or the Middle East should have an understanding of:

A) the French Civil Code. B) Anglo-Saxon common law. C) Islamic law. D) the Uniform Commercial Code. E) Roman law and the Napoleonic Code.