Which Statement Is Correct

question 1

Multiple Choice

Which statement is correct?

• A)The income tax system treats income and losses symmetrically.
• B)The income tax system treats income and losses asymmetrically.
• C)When a company has a loss, a refund is received equal to the loss multiplied by the tax rate.
• D)A loss carryforward has immediate cash flow benefits to a company.

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Definitions:

Disaster Recovery Plan

A documented, structured approach with instructions for responding to unplanned incidents such as natural disasters, power outages, or cyber attacks, to quickly restore hardware, applications, and data.

System Failure

The complete malfunction or significant disruption of a system’s operations or processes.

E-mail

A method of sending messages electronically via the internet from one computer user to one or more recipients.

Network Messages

Digital communications sent between computers or devices on a network to exchange information or data.