Identify Which of the Following Statements Is True

question 55

Multiple Choice

Identify which of the following statements is true.

• A)A corporation that accrues compensation payable to an employee must pay the amount within two and one-half months after the close of the taxable year to deduct the amount in the year of the accrual.
• B)Accrued compensation that is deductible in the year of accrual is considered to be part of an IRS deferred compensation plan.
• C)Accrued compensation not paid within three and one-half months after the close of the corporation tax year is deducted in the year following the accrual.
• D)All of the above are false.

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Definitions:

Ingroup Bias

A tendency to favor groups we belong to more than those that we don’t.

Ingroup Bias

A tendency to favor members of one's own group over those from external groups.

Self-Enhance

Engaging in behaviors or adopting beliefs that serve to increase one's own esteem and positive self-view.

Evolutionary Perspective

A view that humans are a species of animal and that their social behavior is a consequence of particular evolved adaptations.