Which of these items is not an adjustment to taxable income to compute current E&P?
A)Dividends received deduction.
B)Tax-exempt income.
C)Net capital loss carryforward from the prior year tax return.
D)All of the choices are adjustments.

Question

Which of these items is not an adjustment to taxable income to compute current E&P? 
A)Dividends received deduction.
B)Tax-exempt income.
C)Net capital loss carryforward from the prior year tax return.
D)All of the choices are adjustments.

Quizplus · Accepted Answer

All of the listed items are adjustments to taxable income to compute current E&P.

Which of These Items Is Not an Adjustment to Taxable