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.

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The Answer of 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.

A C Corporation Is Required to Annualize Its Income