Identify Which of the Following Statements Is True

question 100

Multiple Choice

Identify which of the following statements is true.

• A)An election for an S corporation to use the Sec. 179 expensing election is made by the corporation and not by its shareholders.
• B)The S corporation's separately stated items are in general the same ones that apply in partnership taxation.
• C)An S corporation cannot claim a dividends-received deduction.
• D)All of the above are true.

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Definitions:

Video Journal

A digital or online journal that contains video content as its primary means of communication, often used for personal, educational, or professional purposes.

Vlogs

Short for video blogs, vlogs are digital video recordings, usually posted online, that are created and published by individuals to share their experiences, thoughts, or knowledge on various subjects.

Fathers of the Internet

Fathers of the Internet refers to key individuals who played significant roles in the invention and development of the internet, such as Vint Cerf and Robert E. Kahn.

Vinton Cerf

An American Internet pioneer recognized as one of the "fathers of the Internet" for co-designing the TCP/IP protocols and the architecture of the Internet.