As accurate as a requirement may be, we must be able to trace the sources to ________

All of the following are possible sources of taxable income available to realize a tax benefit for deductible temporary differences except

a. future reversals of existing deductible temporary differences b. tax planning strategies that would accelerate taxable amounts to utilize expiring carryforward c. future taxable income exclusive of reversing temporary differences d. taxable income in prior carryback years if carryback is permitted

Which of the following statements about the use of risk-based capital requirements is (are) true?

I. Insurers must have a certain amount of capital depending on the riskiness of their investments and insurance operations. II. Insurers may be required to take certain actions depending on how much capital they have relative to their risk-based capital requirements. A) I only B) II only C) both I and II D) neither I nor II