Which of the following types of income would probably constitute "nonbusiness income" for state income tax purposes?
A)Royalties from the licensing of a patent developed by the taxpayer during the course of its ordinary research and development activities
B)Interest collected on past due accounts receivable
C)Rents received in the ordinary course of the taxpayer's equipment leasing business
D)Interest on temporary investments of excess working capital
E)None of the above

Question

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The Answer of Which of the following types of income would probably constitute "nonbusiness income" for state income tax purposes?
A)Royalties from the licensing of a patent developed by the taxpayer during the course of its ordinary research and development activities
B)Interest collected on past due accounts receivable
C)Rents received in the ordinary course of the taxpayer's equipment leasing business
D)Interest on temporary investments of excess working capital
E)None of the above

Which of the Following Types of Income Would Probably Constitute