Identify Which of the Following Statements Is True

question 59

Multiple Choice

Identify which of the following statements is true.

• A)If 100% of the stock of two corporations is owned by the same individual, the two corporations are eligible to file a consolidated return.
• B)The check-the-box regulations permit partnership and LLCs to elect C corporation tax treatment.
• C)A group of corporations that meets the parent-subsidiary controlled group requirements is always eligible to file a consolidated return.
• D)All of the above are false.

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Definitions:

Conservation Biology

The science of protecting and managing biodiversity to prevent species, their habitats, and ecosystems from excessive rates of extinction.

Economic

Relating to the system of production, distribution, and consumption of goods and services in a society, and the study of how scarce resources are allocated.

Biomass

The total mass of all living organisms in a given area or volume; it can also refer to plant or animal matter used as fuel.