A C Corporation Is Required to Annualize Its Income

question 33

Multiple Choice

A C corporation is required to annualize its income:

• A)The first year the corporation is in existence, if the first tax return includes less than 12 months.
• B)The last year the corporation is in existence.
• C)The year the corporation changes its tax year.
• D)When there has been a greater than 50% change in the ownership of the stock.
• E)All of the above.

---

Definitions:

Constituency

A body of voters or supporters represented by a politician or organization, or the people served by an individual or group.

Media Relations

The practice of managing and crafting interactions and communications between an organization and the media, to shape public perception and convey strategic messages.

Negotiating Posture

refers to the stance or approach a person or group adopts in preparation for or during the process of negotiation, which can range from cooperative to confrontational.

Ground Rules

Basic guidelines or agreed-upon rules that govern behavior and procedures in a specific context or environment.