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.

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Definitions:

Licensure Exam

A standardized test required in many professions to ensure competence and to officially grant permission to practice in that field.

National Mean

A statistical average that represents typical or average performance or measurements across a nation.

Mean

The average of a set of numbers, calculated by adding them together and dividing by the number of values.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values from the mean.