In Which Case Did the Court Find That Documentation Is

question 41

Multiple Choice

In which case did the court find that documentation is necessary to avoid the accumulated earnings tax where a corporation asserts that its working capital accumulations were for a legitimate business need?

• A)Goodall
• B)Colonial Amusement Corp.
• C)Delaware Trucking Co.Inc.
• D)Union Offset
• E)Ted Bates Co.

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Definitions:

Appeal

An appeal is a formal request for a higher court to review and change the decision of a lower court.

Federal Law

The body of law created by the federal government of a country, applicable nationwide.

Vacation

A vacation is a period of time spent away from home or business in travel or recreation.

Family and Medical Leave Act

U.S. federal law that provides certain employees with up to 12 weeks of unpaid, job-protected leave per year for qualified medical and family reasons.