Which Data Type Stores Only One of Two Values

question 79

Multiple Choice

Which data type stores only one of two values?

• A) Hyperlink
• B) Date/Time
• C) Yes/No
• D) AutoNumber

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Definitions:

Domestic Corporations

Companies that are incorporated and operate within the country of their incorporation, subject to its laws and taxation.

Earnings and Profits

A tax term referring to the net income of a company with adjustments for certain tax-related items; crucial for determining how distributions to shareholders are taxed.

FMV

Fair Market Value; the estimated price at which an asset would trade in a competitive auction setting.

Nontaxable Return

A financial return or distribution that is exempt from taxes, such as certain gifts or inheritances.