Which of the Following Is Not Permitted an Accumulated Earnings

question 35

Multiple Choice

Which of the following is not permitted an accumulated earnings credit based on reasonable needs of the business?

• A)an operating company
• B)an investment company
• C)an incorporated engineer
• D)All of the above are permitted a credit based on reasonable business needs.

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Definitions:

Instant Noodles

Pre-cooked and dried noodle block, typically sold with a packet of flavoring powder and/or seasoning oil, intended for quick preparation.

Chili Peppers

Fruits of plants belonging to the genus Capsicum, used worldwide to add heat and flavor to dishes.

Normal Goods

Goods for which demand increases as the income of the consumer increases, and vice versa.

Substitutes

Products or services that can be used in place of each other, having the ability to satisfy similar consumer needs or preferences.