Which of the Following Statements Is True

question 62

Multiple Choice

Which of the following statements is true?

• A)A consolidated group determines its general business credit on a consolidated basis.
• B)The general business credit can be carried back 3 years and forward 15 years.
• C)The general business credit can be carried forward indefinitely.
• D)The general business credit cannot be carried forward or backward.

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Definitions:

Femoral

Pertaining to the femur or the thigh region.

Pudendal

Related to the pudendal nerve, which supplies areas such as the external genitalia and the skin around the anus and perineum.

Musculocutaneous

Relating to both muscles and the skin, or a nerve in the arm that innervates the front muscles of the upper arm and the skin of the forearm.

Radial

Pertaining to structures spreading out in all directions from a central point or axis.