Identify Which of the Following Statements Is True

question 64

Multiple Choice

Identify which of the following statements is true.

• A)A corporation may be required to file a separate return and file with an affiliated group in the same calendar year.
• B)When a corporation joins in filing a consolidated return, taxable income of the member is combined with other members' taxable income prior to any adjustments.
• C)If a corporation becomes a member of an affiliated group within the first thirty days of the corporation's tax year, the corporation can elect not to file a short-period tax return.
• D)All of the above are false.

---

Definitions:

Business Opportunities

Opportunities in the market where products, services, or business practices can be introduced or improved for potential profit and growth.

Screeningevaluation

An initial assessment process to determine the viability, risk, or worthiness of a project or candidate.

New-product Strategy Development

A process involving market research, product development, and marketing strategies to launch a new product successfully.

Product Assessment

The evaluation process of a product's performance, features, and market potential to determine its viability and success in the market.