ABC Corporation declared a dividend for taxpayers of record as of December 24, 2018. The dividend checks were mailed on December 31, 2018. Ed, a cash basis shareholder, received the dividend check ON jANUARY 2. 2019.

Week 2 Discussion Questions - Word Search Micleicia Tilin Layout References Mailings Review View Help 5 IM IH a A Styles A Editing Dictate Sensitivity A A A T 21 Paragraph Font Styles Voice Sensitivity your text UTC 22. Employees of a CPA firm located in Maryland may exclude from gross income the meals and lodging provided by the employer while they were on an audit in Delaware a. True b. False 23. ABC Corporation declared a dividend for taxpayers of record as of December 24, 2018. The dividend checks were mailed on December 31, 2018. Ed a cash basis shareholder, received the dividend check on January 2, 2019. Ed cannot delay reporting the income from the dividend until 2019. a. True b. False 24. Ashley received a scholarship to be used as follows: tuition, 56,000 room and board, $9.000, and books and laboratory supplies, $2,000. Ashley is required to include only $9,000 in her gross income a. True b. False 25 AU S.Ctzen is always required to include in gross income the salary and wages earned while working in a foreign country even if the foreign country taxes the income a. Tree b. False 26. In December 2019. Emily, a cash basis taxpayer, received a $2.500 cath scholarship for the spring semester of 2020 However, she did not use the funds to pay the tuition until January 2020. Emily can exclude the $2.500 from her gross income in 2019 a