Identify Which of the Following Statements Is False

question 51

Multiple Choice

Identify which of the following statements is false.

• A)The 70% dividends-received deduction is limited to 70% of the taxable income of the corporation without regard to any NOL deduction,any capital loss carryback,and the dividends-received deduction itself unless the dividends-received deduction produces an NOL.
• B)Members of an affiliated group can claim a 90% dividends-received deduction for dividends received from other group members that is not subject to a taxable income limitation.
• C)A corporate dividends-received deduction is not allowed for dividends received on stock held for 40 days.
• D)All of the above are false.

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Definitions:

Regression

A defense mechanism leading to the temporary or long-term reversion of the ego to an earlier stage of development rather than handling unacceptable impulses in a more adult way.

Defense Mechanism

Psychological strategies unconsciously used to protect a person from anxiety arising from unacceptable thoughts or feelings.

Tantrums

Emotional outbursts, typically seen in children, characterized by crying, screaming, or aggressive behavior as a response to frustration or inability to communicate needs.

Displacement

A defense mechanism where an individual redirects emotional feelings from a more threatening object or person to a less threatening one.