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:

Problem-Solving Technique

A method or approach used to identify solutions to varied and complex issues.

Set Of Nodes

A group or collection of points or positions in a network or system that are connected or interact with each other.

Term Paper

an academic assignment or research paper written by students over an academic term, contributing significantly to their final grade.

Problem Solving

The process of finding solutions to difficult or complex issues.