Identify Which of the Following Statements Is False

question 26

Multiple Choice

Identify which of the following statements is false.

• A) Once an election is made to change its classification, an entity cannot change again for 60 months.
• B) A business need not be incorporated under state or federal law to be taxed as a corporation.
• C) The check- the- box regulations permit an LLC to be taxed as a C corporation.
• D) Under the check- the- box regulations, an LLC that has only two members (owners) must be taxed as a partnership.

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Definitions:

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Researcher

An individual who conducts detailed and systematic investigation into a subject area with the purpose of discovering or establishing new knowledge.

Survey

A method of gathering information from individuals, typically by asking questions to a representative sample of people to draw conclusions about the whole population.

Data Collection

The process of gathering and measuring information on targeted variables to answer relevant questions and evaluate outcomes.