Which of the Following Corporations Is Entitled to Join in a Consolidated

question 11

Multiple Choice

Which of the following corporations is entitled to join in a consolidated tax return without making a special election?

• A)corporations exempt from tax under Sec. 501
• B)real estate investment trusts
• C)closely held corporations
• D)foreign corporations

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Definitions:

Axon

Of a neuron, a cytoplasmic extension that transmits electrical signals along its length and secretes chemical signals at its endings.

Spinal Cord

Central nervous system organ that extends through the backbone and connects peripheral nerves with the brain.

Peripheral Nerves

Nerves located outside the brain and spinal cord that connect the central nervous system to limbs and organs.

Brain

Central control organ of a nervous system; receives and integrates sensory information, regulates internal conditions, and sends out signals that result in movements.