Tax laws require corporations to use accrual accounting. (True or false?)

Tax laws require corporations to use accrual accounting.
 
  Indicate whether the statement is true or false

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Tax laws require the taxpayer to use whatever method of accounting most clearly reflects income.
 
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S corporations are limited to having only one class of stock.
 
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Unlike a sole proprietorship, a corporation cannot pass through to its owners favorable tax attributes that would help the owners more than the corporation.
 
  Indicate whether the statement is true or false

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The top corporate tax rates are generally lower than the top individual tax rates.
 
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A corporation is a legal entity created by a political authority.
 
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A corporation can use its stock to acquire other companies and therefore offer the sellers a tax-free exchange.
 
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Limited partners cannot actively manage the business.
 
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A partnership consists of two or more incorporated owners joined together.
 
  Indicate whether the statement is true or false

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Sole proprietorships are often subject to double taxation.
 
  Indicate whether the statement is true or false