Which of These Items Is Not an Adjustment to Taxable

question 59

Multiple Choice

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

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

---

Definitions:

Gene Expression

The process by which information from a gene is used in the synthesis of a functional gene product, often a protein, which can affect the cell function and structure.

Transcriptional

Relating to transcription, the process by which the information in a strand of DNA is copied into a new molecule of messenger RNA (mRNA).

Y Chromosome

A sex chromosome found in mammals, including humans, typically associated with male characteristics and inherited from father to son.

Dosage Compensation

Any mechanism of equalizing gene expression between males and females.