Identify Which of the Following Statements Is True

question 49

Multiple Choice

Identify which of the following statements is true.

• A) Form 1120 Schedule L contains the corporation's income statement.
• B) Schedule M-1 (Form 1120) is an analysis of the corporation's retained earnings.
• C) Organizational expense amortized over fifteen years for purposes of determining taxable income results in an upper adjustment in the initial years to book income on the Schedule M-1 when the expense is being amortized over ten years for book income purposes.
• D) All of the above are false.

---

Definitions:

Position Power

The authority and influence bestowed upon an individual by virtue of their role or office within an organizational hierarchy.

Force Change

The act of compelling or driving a group, organization, or system to undergo significant transformation or adjustment.

Restraining Forces

Factors or forces that resist or oppose change within an organization, hindering progress or implementation of new ideas.

Unfreezing

The initial stage in the change process where existing behaviors, attitudes, or norms are challenged to facilitate change.