A public corporation filing a quarterly tax report would be providing
A) a periodic operating report.
B) a compliance report.
C) a justification report.
D) a progress report.

Question

Quizplus · Accepted Answer

Filing a quarterly tax report is a legal requirement for corporations, and the report is submitted to comply with tax regulations imposed by the government. Therefore, it is considered a compliance report. A periodic operating report (A) would provide information on the corporation's recurring activities or operations, a justification report (C) would explain or justify a decision or action, and a progress report (D) would provide an update on a project's development or advancement.

A Public Corporation Filing a Quarterly Tax Report Would Be