Identify Which of the Following Statements Is True

question 71

Multiple Choice

Identify which of the following statements is true.

• A)C corporation operating losses are deductible by the individual shareholders.
• B)If a C corporation does not distribute its income to its shareholders annually, double taxation cannot occur.
• C)Capital losses incurred by a C corporation can be used to offset the corporation's ordinary income.
• D)All of the above are false.

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Definitions:

Biological Parents

The birth parents of a child, providing the genetic material through reproduction.

Identical Twins

Twins who develop from a single fertilized egg that splits into two, sharing 100% of their genes, and are thus genetically identical.

Twin Studies

Research studies that compare the similarity between monozygotic (identical) and dizygotic (fraternal) twins to assess genetic and environmental influences.

Adoption Studies

Research investigations that compare the traits and behaviors of adopted children to those of their biological and adoptive families, often used to understand the influence of genetics versus environment.