Identify Which of the Following Statements Is False

question 56

Multiple Choice

Identify which of the following statements is false.

• A) A controlled group must apportion certain tax benefits among its members.
• B) There are three categories of control groups: parent- subsidiary, brother- sister, and combined.
• C) The controlled group test is applied on December 31.
• D) Brown Corporation owns 60% of Clark Corporation and 65% of Davis Corporation. Davis Corporation owns 10% of Clark Corporation, and Clark Corporation owns 10% of Davis Corporation. The remaining stock is owned by an individual shareholder. Brown, Davis, and Clark Corporations are a parent- subsidiary controlled group.

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Definitions:

Rebellions

Acts of violent or open resistance against an established government or ruler.

Revolutions

Fundamental changes in political power or organizational structures that occur in a relatively short period of time.

Igbo Women

Female members of the Igbo ethnic group in Nigeria, known for their significant roles in society, culture, and the economy.

Politically

Pertaining to the affairs of government, public policies, or the administration of public affairs, often concerning the distribution of power and resources within a community or society.