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Which of the following is not considered a reasonable need of the business for purposes of the accumulated earnings tax? a. Loans to shareholders b. Product liability losses c. Replacement of plant and equipment d. Working capital needs e. Debt retirement What is the effect of a corporation's method of accounting on the corporation's use of the organizational expenditures deduction under 248? a. The corporation's method of accounting is of no consequence. b. The deduction tends to yield better tax results when the corporation uses the accrual method of accounting. c. Using the deduction and the cash method of accounting is generally counterproductive. d. Using the deduction and the accrual method of accounting is generally counterproductive. e. The deduction tends to yield better tax results when the corporation uses the cash method of accounting. Which of the following is not considered a reasonable need of the business for purposes of the accumulated earnings tax? a. Loans to shareholders b. Product liability losses c. Replacement of plant and equipment d. Working capital needs e. Debt retirement What is the effect of a corporation's method of accounting on the corporation's use of the organizational expenditures deduction under 248? a. The corporation's method of accounting is of no consequence. b. The deduction tends to yield better tax results when the corporation uses the accrual method of accounting. c. Using the deduction and the cash method of accounting is generally counterproductive. d. Using the deduction and the accrual method of accounting is generally counterproductive. e. The deduction tends to yield better tax results when the corporation uses the cash method of accounting