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:

Ego

In psychoanalytic theory, represents the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Id

The part of the mind in psychoanalytic theory responsible for instinctual drives and desires.

John Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior and the role of the environment as a determinant of behavior.

Behaviorism

Watson’s view that science must study observable behavior only and investigate relationships between stimuli and responses.