Identify Which of the Following Statements Is True

question 102

Multiple Choice

Identify which of the following statements is true.

• A) A corporate tax return must be filed by the fifteenth day of the fourth month following the close of the corporation's tax year.
• B) A corporation is required to file a tax return even if it has no taxable income.
• C) A corporation with gross receipts, total income, and total assets of $1,000,000 or less is permitted to file Form 1120-A.
• D) All of the above are false.

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Definitions:

Control Group

In scientific experimentation, a group of subjects who do not receive the treatment or intervention being tested, used as a benchmark to measure how the other tested subjects do.

Participant

An individual who takes part in a particular process or activity.

Sociological Research

The systematic study of social behavior, interactions, and structures to understand and explain patterns of human activity.

Empirical Observation

The process of acquiring knowledge directly through the senses or via scientific instruments, which is based on experience and evidence rather than theory.