Identify Which of the Following Statements Is True

question 20

Multiple Choice

Identify which of the following statements is true.

• A)In practice, the accumulated earnings tax applies only to closely held corporations.
• B)A corporation bears the burden of proving that its earnings are not being accumulated to avoid income taxes.
• C)To avoid the accumulated earnings tax, a corporation needs to have a definite plan for expending the accumulated earnings.
• D)All of the above are true.

---

Definitions:

Sense of Self-worth

An individual's perception of their own value and worthiness as a person.

Scheduled Activities

Pre-planned tasks or events that are organized at specific times, often used in therapy, education, or personal management.

Shingles

is a viral infection that causes a painful rash, often appearing as a strip of blisters on one side of the body, caused by the varicella-zoster virus.

Pneumonia

An infection that inflames the air sacs in one or both lungs, which may fill with fluid or pus, causing cough with phlegm or pus, fever, chills, and difficulty breathing.