Identify Which of the Following Statements Is True

question 27

Multiple Choice

Identify which of the following statements is true.

• A) When a new corporation joins an affiliated group, all of its income and expense items for the tax year, including the acquisition date, must be allocated between the separate tax return and consolidated tax return that are to be filed based on the number of days included in each of the two tax years.
• B) All members of a consolidated group must use the same tax year.
• C) A consolidated return election may be revoked after 5 years.
• D) All of the above are false.

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Definitions:

Deferred Imitation

The ability to replicate an action or behavior after a delay, indicating a form of memory and cognitive development.

Object Permanence

Object permanence is the understanding that objects continue to exist even when they cannot be observed (seen, heard, touched, smelled, or sensed in any way).

Walking Independently

Refers to the ability of an individual to walk without assistance from others or the use of mobility aids.

Reminder Sessions

are designed appointments or periods set to review or reinforce previously learned information or skills.