Identify Which of the Following Statements Is False

question 72

Multiple Choice

Identify which of the following statements is false.

• A)The election form can be signed by a person authorized to sign the S corporation tax return.
• B)An S election is filed by the corporation by using Form 2553 on or before the due date (without regard to any extensions)for the corporate tax return for the tax year in question.
• C)An S corporation must file a tax return for any year in which the S corporation is in existence.
• D)The IRS can grant extensions of time of filing shareholder consents to the S election.

Explain the concepts of correlation and causation.

Understand how to interpret correlation coefficients and their implications for research findings.

Discriminate between different data collection techniques across research methods.

Analyze the ethical considerations in selecting research methods.

---

Definitions:

Market Value

The ongoing rate at which one can buy or sell an asset or service.

Weighted-Average

A method of calculating an average that takes into account the importance, or weight, of each value.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest.

Book Value

The asset's recorded value on the balance sheet, determined by subtracting any depreciation or amortization from the asset's cost.