Identify Which of the Following Statements Is True

question 44

Multiple Choice

Identify which of the following statements is true.

• A)A corporation is a separate taxpaying entity that must file a tax return annually.
• B)A newly formed corporation must select its basic accounting method.
• C)The terms "regular corporation" and "C corporation" are synonymous.
• D)All of the above are true.

---

Definitions:

Pigment Holders

Tools or containers used to store pigments, which are materials that give color to paint, ink, plastic, fabric, cosmetics, food, and other materials.

Hawaiian Cloak

A traditional garment made by native Hawaiians from the feathers of local birds, often signifying high status and used in important ceremonies or by royalty.

Kamehameha III

The third king of the Kingdom of Hawaii, who reigned from 1825 to 1854 and played a vital role in maintaining Hawaiian independence and enacting legal reforms.

Feathers

Flexible, lightweight structures forming the plumage of birds, often used symbolically or decoratively by humans.