If a Company Is Unable to Use All Its Foreign

question 62

Multiple Choice

If a company is unable to use all its foreign tax credit in a tax year, what happens to the excess?

• A) It is carried forward until it is used up.
• B) It is carried back 3 years and forward 5 years.
• C) It is carried back 1 year and forward 10 years.
• D) It is lost forever.

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Definitions:

Item-total Correlation

The relationship between individual item scores and the overall score across all items in a test or questionnaire.

Split-half Reliability

An evaluation of reliability involving splitting a test into two sections and comparing scores from each section to check how consistent the test is.

Cohen's Kappa

A statistical coefficient that measures inter-rater agreement for qualitative (categorical) items.

Interrater Reliability

Refers to the degree of agreement among independent observers or raters evaluating the same phenomenon.