Identify Which of the Following Statements Is True

question 43

Multiple Choice

Identify which of the following statements is true.

• A)A built-in deduction accrues in a separate return year, but is not recognized in a consolidated return year.
• B)Section 382 adopts a single-entity approach in determining ownership changes.
• C)The 50-percentage-point minimum stock ownership change that triggers the Sec. 382 loss limitation rules will not occur in acquisitive transactions involving a group of corporations filing consolidated returns.
• D)All of the above are false.

---

Definitions:

Specialized Language

A set of terms and jargon specific to a particular profession, subject, or group, often not easily understood by outsiders.

Profession

A vocation or career, often requiring specialized education, training, and adherence to ethical standards.

Industry

A sector of the economy that is concerned with the production and manufacturing of goods or services.

Buzzwords

Popular or trendy words or phrases that are used to impress or persuade, often without conveying substantial meaning.