Identify Which of the Following Statements Is False

question 37

Multiple Choice

Identify which of the following statements is false.

• A)A corporation must file an information return with the Internal Revenue Service within thirty days of adopting a resolution to liquidate.
• B)The adoption of a formal plan of liquidation can provide additional benefits under tax laws to the corporation and its shareholders.
• C)A plan of liquidation must be produced in writing in order to be accepted by the Internal Revenue Service.
• D)The adoption of a plan of liquidation permits a parent corporation a three-year time period to carry out the complete liquidation of its subsidiary.

---

Definitions:

Visual Deficits

Impairments in vision that affect the ability to see normally, ranging from partial to complete vision loss.

Harmful Stimuli

External or internal factors that can cause damage or adverse reactions in the body or mind.

Velcro Straps

Adjustable, fastening materials made from hook and loop attachments, commonly used in medical devices for secure fitting.

Visually Impaired

A condition characterized by a significant loss of vision that cannot be fully corrected with glasses, contacts, or surgery.