Which of the Following Statements Regarding Credits Is Correct

question 61

Multiple Choice

Which of the following statements regarding credits is correct?

• A) Business expenses are generally refundable credits.
• B) Business credits that are generated in one year but are not utilized in that year expire.
• C) Business credits that are generated in one year but are not utilized in that year may be carried forward to future years but not back to a prior year.
• D) Business credits that are generated in one year but are not utilized in that year may be carried back to the previous year and then forward to future years.

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The unique name that identifies a website on the internet, serving as its digital address.

Address Bar

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Browser

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Web App

An application program that is stored on a remote server and delivered over the Internet through a web browser.