Identify Which of the Following Statements Is True

question 61

Multiple Choice

Identify which of the following statements is true.

• A)When a new corporation joins an affiliated group, all of its income and expense items for the tax year, including the acquisition date, must be allocated between the separate tax return and consolidated tax return that are to be filed based on the number of days included in each of the two tax years.
• B)A consolidated return election may be revoked after 5 years.
• C)All members of a consolidated group must use the same tax year.
• D)All of the above are false.

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Definitions:

Compound Name

Refers to the systematic naming of a chemical substance in accordance with the rules of nomenclature.

IUPAC Name

The systematic method of naming chemical compounds as standardized by the International Union of Pure and Applied Chemistry.

IUPAC Name

is the systematic name given to a chemical substance based on the rules of the International Union of Pure and Applied Chemistry.

Bond Angle

The angle formed between two bonds that originate from the same atom.