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Problem $2-46($LO $2-1)($Static$)$

Molto Stancha Corporation had zero earnings this fiscal year; in fact, it lost money. Must the corporation file a tax return?

multiple choice

Yes, all corporations are required to file an income tax return regardless of their taxable income.

No$,$ corporations are not required to file a tax return if they have a book loss.

Yes, return filing is mandatory for corporations that have a book loss.

No$,$ corporations are not required to file an income tax return if they have zero earnings.