A large, but declining, city in the Midwest is trying to lure businesses to relocate there and to encourage local entrepreneurs to start new businesses. In order to do this, the city has changed its tax laws and regulations concerning business creation and operations. This is an example of

In confirming accounts receivable, an auditor decided to confirm customers' account balances rather than individual invoices. Which of the following most likely will be included with the client's confirmation letter?

a. An auditor-prepared letter explaining that a nonresponse may cause an interference that the account balance is correct b. A client-prepared letter reminding the customer that a nonresponse will cause a second request to be sent c. An auditor-prepared letter requesting the customer to supply missing and incorrect information directly to the client d. A client-prepared statement of account showing the details of the customer's account balance

Mr. and Mrs. Hand jointly gave a $100,000 outright gift in 2017 to an unrelated friend, Green, who needed the money to pay some legal expenses. In filing their gift tax returns for 2017, Mr. and Mrs. Hand elected gift splitting. They were entitled to exclusions aggregating

A. $0 B. $7,000 C. $14,000 D. $28,000