Identify Which of the Following Statements Is True

question 102

Multiple Choice

Identify which of the following statements is true.

• A) A corporate tax return must be filed by the fifteenth day of the fourth month following the close of the corporation's tax year.
• B) A corporation is required to file a tax return even if it has no taxable income.
• C) A corporation with gross receipts, total income, and total assets of $1,000,000 or less is permitted to file Form 1120-A.
• D) All of the above are false.

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Definitions:

Evolutionary Approach

A theoretical perspective in psychology that explains human behaviors, emotions, and mental processes as adaptations for survival and reproduction.

Genetic Defect

A mutation or abnormality in the genetic material of an organism that can lead to disease or atypical physical or mental development.

Psychological Concept

A general idea related to the mind or psychological processes that is used to understand how individuals think, feel, and behave.

Backpack

A bag carried by straps over the shoulders, used for transporting items, especially useful for students or travelers.