Identify Which of the Following Statements Is True

question 26

Multiple Choice

Identify which of the following statements is true.

• A) An affiliated group electing to file a consolidated return may be composed of as few as two corporations.
• B) To be part of an affiliated group, a corporation must be at least 80% directly owned by another group member.
• C) Only common stock is considered when determining if the 80% ownership test is met for affiliated group eligibility.
• D) All of the above are false.

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Definitions:

Structuralist

Relates to an approach in psychology that seeks to understand the structure of the mind by breaking it down into its component parts.

Cognitive Psychologists

Psychologists who study the way people think, remember, and mentally organize information.

Mental Processes

Internal, covert activities of the mind, such as thinking, reasoning, remembering, and imagining, that are critical to understanding psychological phenomena.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone, according to Maslow's hierarchy of needs.