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.

---

Definitions:

Amino Acids

Organic compounds that combine to form proteins, serving as the building blocks of life.

Codons

Sequences of three nucleotides in mRNA that specify the addition of a specific amino acid or signal the termination of protein synthesis.

DNA Replication

The biological process of producing two identical replicas of DNA from one original DNA molecule.

X-linked Recessive

An X-linked recessive trait is a mode of genetic inheritance by which a mutation in a gene on the X chromosome causes the phenotype to be expressed in males and in females who are homozygous for the gene mutation.