Identify which of the following statements is false.
A) A corporation must file a tax return annually.
B) A corporation can obtain an automatic six-month extension of time to file its tax return.
C) The IRS will permit an extension of time to file a corporate return beyond the original due date only when the corporation's delay is reasonable.
D) The IRS can rescind the extension period.
C) The IRS will permit an extension of time to file a corporate return beyond the original due date only when the corporation's delay is reasonable.
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Indicate whether the statement is true or false.
_____ of a note or bond at any date subsequent to the initial borrowing equals the present value of the future, or remaining, cash flows discounted at an appropriate interest rate
a. The amount borrowed initially b. The market value c. The liquidation value d. The net realizable value less selling costs e. choices a and b
Limonelle Corporation owns the secret formula for a popular beverage brand Limonelle. The corporation operates through franchises in over 50 countries
It uses a secret formula to prepare the drink concentrate which is dispatched to the franchises world over. These franchises then prepare and bottle the beverage for distribution. Which of these types of franchises has Limonelle adopted? A) chain-style franchise B) processing plant franchise C) distributorship franchise D) area franchise
Describe Figure 5.4 Idea Generation, Creativity, and Opportunity Recognition Continuum and include the relevance to an entrepreneur.
What will be an ideal response?