Assuming a Calendar Tax Year and the Conventional 15th of the Month

question 11

Multiple Choice

Assuming a calendar tax year and the conventional 15th of the month due date,all of the following business entities must file their 2016 tax returns by the March 15,2017 except

• A)the C corporation.
• B)the S corporation.
• C)the partnership.
• D)All of the above entities must file their 2016 tax returns by March 15,2017.

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Definitions:

Grading Land

the process of leveling or sloping land to prepare it for construction, landscaping, or other uses, often reflected in property development costs.

Demolished Building

A building that has been intentionally destroyed or taken down.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use, used to reduce the book value of assets on the balance sheet.