Question: Which of the following corporations is most likely to be subject to an accumulated earnings tax? A. A public company with substantial cash and a plan to expand its business that has been approved by its Board of Directors. B. A closely held corporation that has been profit year after year but has no written plans for future investment, and which pays an annual dividend to its shareholders of 50% of its earnings. C. A closely held corporation with no documentation of its future business needs. Its latest balance sheet shows a deficit in retained earnings. D. A corporation that has paid no dividends but is in the process of liquidation.