Identify Which of the Following Statements Is False

question 37

Multiple Choice

Identify which of the following statements is false.

• A)A corporation must file an information return with the Internal Revenue Service within thirty days of adopting a resolution to liquidate.
• B)The adoption of a formal plan of liquidation can provide additional benefits under tax laws to the corporation and its shareholders.
• C)A plan of liquidation must be produced in writing in order to be accepted by the Internal Revenue Service.
• D)The adoption of a plan of liquidation permits a parent corporation a three-year time period to carry out the complete liquidation of its subsidiary.

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Definitions:

Rejection Regions

Specific areas in the distribution of a test statistic that, if the observed test statistic falls within, will lead to the rejection of the null hypothesis.

Standardized Test Statistic

A calculated statistic that measures the number of standard deviations a sample statistic lies from the null hypothesis, used in hypothesis testing.

Hypotheses

Statements set up for a statistical test that express the relationship between variables. There is usually a null hypothesis (no effect) and an alternative hypothesis (effect present).

Sigma

A symbol (σ) used in statistics to represent the standard deviation of a population.