Which of These Items Is Not an Adjustment to Taxable

question 58

Multiple Choice

Which of these items is not an adjustment to taxable income or net loss to compute current E&P?

• A) Net capital loss carryforward utilized in the current year from the prior year tax return.
• B) Refund of prior year taxes for an accrual method taxpayer.
• C) Dividends received deduction.
• D) Tax-exempt income.

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Definitions:

Preferential Looking

A research technique that involves giving an infant a choice of what object to look at.

Infant-Perception Research

Studies focused on how infants understand their environment through sensory and cognitive processes from birth.

Human Development

The comprehensive process of physical, emotional, and intellectual growth and change that a person undergoes from birth to death.

Environmental

Relating to or arising from the external surroundings in which an organism lives, including both natural and man-made conditions.