Identify Which of the Following Statements Is True

question 56

Multiple Choice

Identify which of the following statements is true.

• A)P Corporation receives a dividend from its 100%-owned subsidiary corporation S. P and S have filed consolidated tax returns for a number of years. The dividend payment is out of S's earnings and profits and reduces P's investment in S. The dividend is an intercompany transaction and excluded from P's gross income.
• B)The consolidated dividends-received deduction percentage for dividends received by one affiliated group member from another affiliated group member is always 100%.
• C)The dividends-received deduction claimed when a $50,000 dividend is received from a 100%-owned nonconsolidated life insurance company is $35,000 (ignoring any dividends-received deduction limitations).
• D)All of the above are false.

---

Definitions:

Lateral Moves

A job change within an organization to a position of similar status and pay, offering professional growth without upward promotion.

Employee Development

Initiatives or programs within an organization aimed at enhancing the skills, knowledge, and abilities of its workforce.

360-Degree Feedback Process

A method of performance appraisal that gathers feedback on an individual from their supervisors, peers, subordinates, and sometimes clients to provide a comprehensive view of their performance.