Identify Which of the Following Statements Is False

question 37

Multiple Choice

Identify which of the following statements is false.

• A)A corporation must file an information return with the Internal Revenue Service within thirty days of adopting a resolution to liquidate.
• B)The adoption of a formal plan of liquidation can provide additional benefits under tax laws to the corporation and its shareholders.
• C)A plan of liquidation must be produced in writing in order to be accepted by the Internal Revenue Service.
• D)The adoption of a plan of liquidation permits a parent corporation a three-year time period to carry out the complete liquidation of its subsidiary.

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Definitions:

Community Health Center

A not-for-profit, consumer-directed healthcare organization that provides access to high quality, affordable, and comprehensive primary and preventive care.

Family Structure

The composition and framework of a family unit, including its members and their relationships to one another.

Blended

The process or result of combining two or more elements into a cohesive whole, often used to describe families, materials, or educational methods.

Extended

To prolong the duration, scope, or size of something beyond the original limit.