Which of the Following Statements Is True

question 62

Multiple Choice

Which of the following statements is true?

• A)A consolidated group determines its general business credit on a consolidated basis.
• B)The general business credit can be carried back 3 years and forward 15 years.
• C)The general business credit can be carried forward indefinitely.
• D)The general business credit cannot be carried forward or backward.

---

Definitions:

Evolutionary Perspective

A theoretical approach that explains human behavior and psychological traits as adaptations that evolved to solve recurrent problems in human ancestral environments.

Biological Perspective

A psychological approach that emphasizes bodily events and changes associated with actions, feelings, and thoughts.

Psychological Approach

A method in psychology that focuses on understanding mental processes, behaviors, and disorders through the lens of brain function, emotions, and personality.

Bodily Events

Physical occurrences or phenomena within the body, often related to health, disease, or physiological processes.