Identify Which of the Following Statements Is True

question 55

Multiple Choice

Identify which of the following statements is true.

• A)A corporation that accrues compensation payable to an employee must pay the amount within two and one-half months after the close of the taxable year to deduct the amount in the year of the accrual.
• B)Accrued compensation that is deductible in the year of accrual is considered to be part of an IRS deferred compensation plan.
• C)Accrued compensation not paid within three and one-half months after the close of the corporation tax year is deducted in the year following the accrual.
• D)All of the above are false.

---

Definitions:

Modern Strategy-making

A contemporary approach to creating and implementing strategies in businesses or organisations, focusing on adaptability, innovation, and incorporating technological advancements.

Organic Approach

A method or philosophy that emphasizes natural growth and evolution in organizational development or problem-solving processes.

Synergy

The combined effort or working together of two or more groups, chemicals, or contributors resulting in an overall effect that exceeds the aggregate of their individual effects.

Traditional Strategy-making

The conventional process of developing strategies through top-down planning and execution, often based on historical data and long-term planning cycles.