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:

Indigenous People

Ethnic groups who are the original inhabitants of a given region, having preserved traditional practices and cultural identities over time.

Aztec Empire

A powerful and sophisticated Mesoamerican civilization known for its architectural, cultural, and military achievements, ruling from the 14th to the 16th centuries in what is now Mexico.

Miscegenation

An outdated term referring to the interbreeding of people considered to be of different racial types.

Miscegenation

A dated term referring to the interbreeding of people considered to be of different racial types, often used in contexts discussing racial purity and anti-interracial union laws.