Identify Which of the Following Statements Is True

question 23

Multiple Choice

Identify which of the following statements is true.

• A)The basic dividends-received deduction rules generally do not apply to the calculation of the consolidated dividends-received deduction.
• B)A member of an affiliated group can elect to carry back its own separate return losses from a consolidated return year to one of its earlier profitable separate return years.
• C)A consolidated NOL is computed in part by including the consolidated capital gain in taxable income.
• D)All of the above are false.

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Definitions:

Hypothesis

An assumption or proposition made as a basis for reasoning or research, without any assumption of its truth.

Explanation

A statement about why or how something is the case.

Reliable

Describes something or someone that consistently performs well or can be trusted to be accurate.

Inconsistent

Lacking compatibility or uniformity; actions, beliefs, or statements that do not align or are contradictory.