Identify Which of the Following Statements Is True

question 3

Multiple Choice

Identify which of the following statements is true.

• A)To be part of an affiliated group, a corporation must be at least 80% directly owned by another group member.
• B)Only common stock is considered when determining if the 80% ownership test is met for affiliated group eligibility.
• C)An affiliated group electing to file a consolidated return may be composed of as few as two corporations.
• D)All of the above are false.

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Definitions:

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Openness to Experience

A personality trait that signifies how much a person is open to new experiences, novelty, and variety in life.

Personality Test

A method used to assess an individual's character traits and behavioral tendencies.

Real Estate Company

A business that engages in the buying, selling, management, or investment of real estate properties.