ABC Corporation Is Dissolved on July 9, 2004

question 25

Multiple Choice

ABC Corporation is dissolved on July 9, 2004. What is the due date, without extensions, for the filing of the final corporate income tax return?

• A)March 15, 2005
• B)December 31, 2004
• C)October 15, 2004
• D)October 9, 2004

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Definitions:

Investment Incentives

Investment incentives are benefits or policies designed to encourage businesses or individuals to invest in certain areas or sectors.

Interest Rate

Lenders require a payment, portrayed as a percentage of the principal, from borrowers for the use of their assets.

Loanable Funds

The market where savers supply funds for loans to borrowers, often facilitated by financial institutions, impacting the interest rates and investment in the economy.

Government Budget Deficit

The financial situation where a government's expenditures exceed its revenues within a specific fiscal period, leading to borrowing or debt accumulation.