Identify Which of the Following Statements Is True

question 3

Multiple Choice

Identify which of the following statements is true.

• A)To be part of an affiliated group, a corporation must be at least 80% directly owned by another group member.
• B)Only common stock is considered when determining if the 80% ownership test is met for affiliated group eligibility.
• C)An affiliated group electing to file a consolidated return may be composed of as few as two corporations.
• D)All of the above are false.

---

Definitions:

String Insertion

The process of adding a string into a specific position within another string or data structure.

Format Specifier

Symbols or sequences of symbols that dictate how data should be formatted when it is outputted.

Maximum Number

Refers to the highest value in a set of numbers or elements.

Characters

Discrete symbols used in a writing system, including letters, numbers, and punctuation marks.