Identify Which of the Following Statements Is False

question 87

Multiple Choice

Identify which of the following statements is false.

• A) A C corporation short- year income tax liability must be determined on an annualized basis.
• B) If the termination of an S election is considered to be inadvertent, then the election is permitted to continue in place as if the termination had never occurred.
• C) A corporation can obtain relief for a late S election if the IRS consents.
• D) If an S election is terminated and the termination is not considered to be inadvertent, a ten- tax- year waiting period is required before making a new election.

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Definitions:

Arbitrary Rules

Regulations or principles set without any logical basis, often relying on personal decisions rather than a systematic process.

Sociodramatic Play

A type of play that involves acting out roles and scenarios, often reflecting real-life situations, which helps children develop social and communication skills.

Rule-based Play

A form of play that involves following specific guidelines or rules established by the participants or by the game itself.

Conventional

Adhering to accepted standards or norms in behavior, practices, or attitudes within a society or group.