Identify Which of the Following Statements Is True

question 71

Multiple Choice

Identify which of the following statements is true.

• A)C corporation operating losses are deductible by the individual shareholders.
• B)If a C corporation does not distribute its income to its shareholders annually, double taxation cannot occur.
• C)Capital losses incurred by a C corporation can be used to offset the corporation's ordinary income.
• D)All of the above are false.

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Definitions:

Primarily Digital-Electronic

Pertaining mostly to technology that uses discrete signals for information processing and communication.

Gini Index

The Gini Index is a statistical measure used to gauge economic inequality within a country, representing the income or wealth distribution among that country’s residents.

Income Inequality

The unequal distribution of income within a population, resulting in a gap between the richest and poorest individuals or households.

Megacorporations

Extremely large corporations, often with significant power and influence across multiple countries and industries.