AICPA每日一练之REG【2016-3-3】

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The accumulated earnings tax can be imposed

A. Regardless of the number of stockholders of a corporation.

B. On personal holding companies.

C. On companies that make distributions in excess of accumulated earnings.

D. On both partnerships and corporations.

Answer:A

This answer is correct. The accumulated earnings tax is a penalty tax that can be imposed on a corporation if it accumulates earnings in excess of reasonable business needs, regardless of the number of shareholders that the corporation has.

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