Identify Which of the Following Statements Is True

question 78

Multiple Choice

Identify which of the following statements is true.

• A)Convertible debt issues might be considered "stock" for purposes of the S corporation single class of stock requirement.
• B)The S election must be made no later than the fifteenth day of the fourth month of the tax year for which the election is to be effective.
• C)A majority of shareholders must consent to the S corporation election.
• D)All of the above are false.

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Definitions:

Independent Variables

In an experiment, the variable that is manipulated or altered to examine its effect on a dependent variable.

Demand Characteristics

The cues in a study that might tell a research participant what behaviors are expected or desirable in that setting.

Confounds

Factors in an experiment that could undermine the ability to draw accurate conclusions by affecting the dependent variable in ways not accounted for by the independent variable.

Disconfirmation

The process in which evidence contradicts or challenges existing beliefs or hypotheses, leading to adjustment or abandonment of those beliefs.