Identify Which of the Following Statements Is True

question 50

Multiple Choice

Identify which of the following statements is true.

• A)Beach Corporation, an S corporation, has gross receipts of $240,000; taxable income of $120,000; passive investment income of $100,000; and expenses directly attributable to the passive investment income of $20,000. The corporation's excess net passive income is $32,000.
• B)The built-in gains tax applicable to S corporations can be avoided if the property is held for ten years.
• C)An S corporation generally will not owe the built-in gains tax if the corporation has never been a C corporation.
• D)All of the above are true.

---

Definitions:

Establish Hypothesis

The process of formulating a testable statement or prediction that can be investigated through research and experimentation.

Land-Use Transport Interaction

The relationship and mutual influence between the spatial organization of a region and its transportation systems.

Australasian Transport Research Forum

An organization or event focused on sharing and discussing research related to transportation within the Australasian region.

Questionnaire

A series of written questions designed for gathering information from respondents, used in surveys or research studies.