Identify Which of the Following Statements Is True

question 71

Multiple Choice

Identify which of the following statements is true.

• A) A member of an affiliated group can elect to carry back its own separate return losses from a consolidated return year to one of its earlier profitable separate return years.
• B) The basic dividends- received deduction rules generally do not apply to the calculation of the consolidated dividends- received deduction.
• C) A consolidated NOL is computed in part by including the consolidated capital gain in taxable income.
• D) All of the above are false.

---

Definitions:

Cilia

Microscopic, hair-like structures on the surface of cells that move rhythmically to transport substances or facilitate movement.

Respiratory System

Organ system of humans that includes the lungs and associated structures; involved in the exchange of gases; helps control pH.

Lung Cancer

Uncontrolled cell growth that affects any component of the respiratory system.

Pneumonectomy

A surgical procedure to remove one lung, often performed to treat lung cancer or severe lung disease.