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NEW QUESTION: 1
The IRS is free to pursue fraud for a period of?
A. Up to seven years from the present calendar date.
B. Up to five years from the present calendar date.
C. Up to thirty years from the present calendar date.
D. Indefinitely from the present calendar date.
Answer: B
Explanation:
The IRS is free to pursue fraud for a period of up to five years. The remaining responses are incorrect: Up to seven years, Up to thirty years, and Indefinitely.

NEW QUESTION: 2
Which of the following is an example of a non-issuer transaction?
A. NewCorp, which has been a privately held company, is engaging in an initial public offering (IPO) of its
stock.
B. IBM sells a new issue of bonds to an insurance company.
C. Google offers more shares of its stock for sale to the public.
D. Jose purchases a 10-year bond issued by Progress Energy when it has 6 years remaining to maturity.
Answer: D
Explanation:
When Jose buys a 10-year bond that has 6 years remaining to maturity, it is a non-issuer
transaction since he is buying it in the secondary market from another investor, and Progress Energy
does not benefit from the transaction. If a firm receives money when its securities are sold, it is considered
an issuer transaction; otherwise it is a non-issuer transaction. When Progress Energy originally issued the
bond, it had ten years to maturity, and Progress Energy received the proceeds from the bond issue; that
was an issuer transaction. When Jose buys the bond, another investor is receiving the proceeds. When
IBM sells new bonds, regardless of whether it is to the general public or to an institutional investor, IBM
receives the proceeds from the transaction, so it is an issuer transaction. Similarly, when a firm that is
already publicly held, like Google, sells more shares, the firm receives money from the sale, just as when
a firm that is going public for the first time, like NewCorp, receives the proceeds generated through the
IPO. Those are examples of issuer transactions.

NEW QUESTION: 3
In what type of file is backup data stored in an EMC Avamar storage node?
A. Stripes
B. Chunks
C. Hash
D. Index
Answer: B

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