Which of the Following Statements Regarding Credits Is Correct

question 143

Multiple Choice

Which of the following statements regarding credits is correct?

• A)Business expenses are generally refundable credits.
• B)Business credits that are generated in one year but are not utilized in that year expire.
• C)Business credits that are generated in one year but are not utilized in that year may be carried forward to future years but not back to a prior year.
• D)Business credits that are generated in one year but are not utilized in that year may be carried back to the previous year and then forward to future years.

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Definitions:

Editing Group

A set of tools or options within software that allows users to modify content, such as text or images, to achieve a desired outcome.

Navigation Pane

A user interface component that displays a structured list of items users can navigate to within an application or website.

Tell Me Box

A feature in Microsoft Office applications used to search for commands or help with tasks.

Online Pictures Button

A feature in software that allows users to search and insert pictures from the internet directly into their documents or presentations.