Identify Which of the Following Statements Is True

question 12

Multiple Choice

Identify which of the following statements is true.

• A)The natural business year for fiscal-year election purposes is any tax year that ends within six months after the peak period of business.
• B)Section 444 permits an S corporation to elect to use a fiscal year other than a permitted year.
• C)A new corporation that is 100% owned by Johnny Blake, a cash method of accounting taxpayer, makes an S election for its initial tax year. The S corporation must also elect to use the cash method of accounting as its overall accounting method.
• D)All of the above are false.

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Definitions:

Resonator

A device or system designed to oscillate with maximum amplitude at a specific frequency, often used in electronic circuits to select particular frequencies from a complex signal.

Cut-off Frequency

The frequency at which the magnitude of a signal is reduced by a specific ratio, marking the boundary between passband and stopband in a filter’s performance.

Variable Capacitors

Capacitors whose capacitance value can be adjusted or varied, often used in tuning circuits or as part of frequency modulating systems.

Variable Inductors

Inductors whose inductance can be adjusted or varied, often used in radio equipment for tuning and filtering applications.