Identify Which of the Following Statements Is True

question 102

Multiple Choice

Identify which of the following statements is true.

• A) A corporate tax return must be filed by the fifteenth day of the fourth month following the close of the corporation's tax year.
• B) A corporation is required to file a tax return even if it has no taxable income.
• C) A corporation with gross receipts, total income, and total assets of $1,000,000 or less is permitted to file Form 1120-A.
• D) All of the above are false.

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Definitions:

Diving

The activity of plunging into water from a platform or springboard, often performed competitively to demonstrate skillful acrobatics.

Lagoon

A shallow body of water separated from a larger sea by barrier islands or reefs.

Past Participle

A grammatical form of a verb used to form perfect tenses and passive voice, typically ending in -ed, -en, or an irregular form.

Backup Generator

A secondary power source that automatically provides electricity to a building or facility during a power outage.