Match Each of the Following Terms with the Appropriate Description

question 153

Multiple Choice

Match each of the following terms with the appropriate description in the context of a consolidated Federal income tax return.
-Choice of tax year-ends by affiliates.

• A)Advantage of consolidating
• B)Disadvantage of consolidating
• C)Neither an advantage nor a disadvantage

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Definitions:

Template

A pre-designed model or structure used as a guide to shape or form subsequent processes or objects.

Prototype

A prototype is an original model or preliminary version of a product or concept from which other forms are developed or copied.

Vehicle

A means of transporting people or goods from one place to another, such as a car, bicycle, or airplane.

Glider

A type of aircraft that is supported in flight by the dynamic reaction of the air against its lifting surfaces, and whose free flight does not depend on an engine.