Identify Which of the Following Statements Is True

question 63

Multiple Choice

Identify which of the following statements is true.

• A)A corporation that is a member of an affiliated group filing a consolidated tax return may be allowed a tax year which is different from the group's parent.
• B)An S corporation must generally use a calendar year.
• C)A corporation's first year must cover a twelve-month period.
• D)All of the above are false.

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Definitions:

Biological Bases

Pertains to the underlying physical and genetic structures and processes that influence behavior, thought, and emotion.

Patient H.M.

A famous neurology patient who underwent experimental brain surgery to treat epilepsy, resulting in long-term anterograde amnesia and contributing significantly to understanding of memory function.

Synapses

The junctions across which nerve impulses pass from one neuron to another, or to a muscle or gland cell.

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.