Question: 9 Applicable state law determines whether an entity is a C (Regular) Corporation for Federal Income Tax purposes. True False QUESTION 10 For Federal Income

9 Applicable state law determines whether an entity is a C (Regular) Corporation for Federal Income Tax purposes. True False QUESTION 10 For Federal Income Tax purposes, all Regular Corporations (C Corporations) must use the Cash Method Of Accounting. FALSE TRUE QUESTION 11 Corporations are allowed Personal Exemptions just as individuals once were allowed. FALSE TRUE

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