An offer ends by rejection when the offeree refuses the offer made by the offeror

Which of the following is a true statement with respect to a partnership electing under Sec. 444 a fiscal year that is not normally a required tax year and for which a business purpose does not exist?

A. Any fiscal year may be selected if the required payment is made. B. The election requires the partners to pay an additional tax on their income from the partnership. C. The election requires a payment to approximate the tax the partners would have paid if the partnership had switched to its required year. D. The election requires minimum distributions to be made to the partners.

A local government can require a prior cash deposit from importers before allowing goods into the country

Indicate whether the statement is true or false