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:

Fearful Temperament

A disposition characterized by high levels of apprehension, anxiety, and avoidance in novel or uncertain situations.

Psychosocial Crisis

A conflict experienced during different stages of life that requires the individual to adapt to new challenges and roles, as theorized by Erik Erikson.

Trust Versus Mistrust

A stage in Erik Erikson's theory of psychosocial development where infants learn whether or not they can trust the world to satisfy their basic needs.

Social Referencing

“Reading” emotional cues in others to help determine how to act in a particular situation.