Identify Which of the Following Statements Is False

question 95

Multiple Choice

Identify which of the following statements is false.

• A) A plan of liquidation must be produced in writing in order to be accepted by the Internal Revenue Service.
• B) A corporation must file an information return with the Internal Revenue Service within thirty days of adopting a resolution to liquidate.
• C) The adoption of a formal plan of liquidation can provide additional benefits under tax laws to the corporation and its shareholders.
• D) The adoption of a plan of liquidation permits a parent corporation a three- year time period to carry out the complete liquidation of its subsidiary.

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Definitions:

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Relating to society or its organization; pertaining to activities in which individuals communicate or interact with others.

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A computing model where computing resources are provided as a metered service similar to utilities such as electricity.

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SaaS

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