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35.Which of the following is true regarding an S corporation that converted from a C...

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Accounting

35.Which of the following is true regarding an S corporation that converted from a C corporation: a.NOL carryforwards arising from transactions when in C status can be carried forward to a tax year for which it is an S corporation b.general business credits arising from transactions when in C status can be carried forward to a tax year which it is an S corporation c.both A and B above d.no carryforwards arising from transactions while the S corporation was in C status can be carried forward to a tax year for which it is an S corporation

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