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Which of the following best defines generativity?
Corporate Tax Return
A corporate tax return, often filed using Form 1120, is required for corporations and details the income, gains, losses, deductions, and credits from the corporation's operations.
Foreign Subsidiaries
Companies that are partially or wholly owned by a parent company but are located in a different country.
Cash-basis
An accounting method that recognizes revenues and expenses only when cash is exchanged, as opposed to when they are incurred.
Tax Depreciation
The allowable deduction for depreciation of assets for tax purposes, calculated using methods prescribed by the IRS.
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