Identify Which of the Following Statements Is False

question 2

Multiple Choice

Identify which of the following statements is false.

• A)Brown Corporation owns 60% of Clark Corporation and 65% of Davis Corporation. Davis Corporation owns 10% of Clark Corporation, and Clark Corporation owns 10% of Davis Corporation. The remaining stock is owned by an individual shareholder. Brown, Davis, and Clark Corporations are a parent-subsidiary controlled group.
• B)There are three categories of control groups: parent-subsidiary, brother-sister, and combined.
• C)The controlled group test is applied on December 31.
• D)A controlled group must apportion certain tax benefits among its members.

---

Definitions:

Minor Axis

The shortest diameter of an ellipse, which passes through its center and is perpendicular to the major axis.

Function

A connection between a collection of inputs and a group of allowable outputs where each input is tied to only one output.

Graph

A diagram showing the relation between variable quantities, typically of two variables measured along a pair of axes at right angles.

Function

An association involving a series of inputs and an approved set of outputs, where every input corresponds to a singular output.