Which of the Following Statements Is True

question 110

Multiple Choice

Which of the following statements is true?

• A)Shareholders in a C corporation can use C corporation losses to offset shareholder income from other sources.
• B)C corporation losses remain in the C corporation and can offset capital gain income from other years.
• C)C corporation shareholders are taxed based on their proportionate share of income.
• D)Distributions of C corporation income are not taxable.

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Definitions:

Race

A socially constructed category based on physical characteristics, ancestry, historical affiliation, or shared culture, often used to classify humans.

Genetic Differences

Variations in the DNA sequences among individuals that contribute to the biological diversity of organisms.

Racial Groups

Designates categories of humans based on physical characteristics, ancestry, genetics, or social relations, often constructed socially and culturally.

Genes

Segments of DNA located on chromosomes, which contain the instructions necessary for the development, functioning, and reproduction of organisms.