Identify Which of the Following Statements Is True

question 71

Multiple Choice

Identify which of the following statements is true.

• A)C corporation operating losses are deductible by the individual shareholders.
• B)If a C corporation does not distribute its income to its shareholders annually, double taxation cannot occur.
• C)Capital losses incurred by a C corporation can be used to offset the corporation's ordinary income.
• D)All of the above are false.

---

Definitions:

Cube-Shaped Crystals

Crystalline structures that manifest in a cubic shape, common in minerals like pyrite and halite.

Pink-Colored Mineral

Minerals that exhibit a pink hue, often due to the presence of elements like manganese or inclusion of minerals like rhodonite.

Wavy Lines

This term is not typically associated with a standard definition in scientific contexts; it could refer to visual patterns or features that resemble waves.

Transparent

The quality of a material that allows light to pass through it without being scattered, making objects behind it visible.