Capital Losses of a Corporation Must Be Used to Offset

question 10

True/False

Capital losses of a corporation must be used to offset capital gains and net capital losses may not be deducted from the ordinary income of a corporation.

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Definitions:

Fe2O3

Iron(III) oxide, a reddish-brown solid also known as rust, used in various applications such as painting and in the synthesis of iron.

Balanced Equation

A chemical equation where the number of atoms for each element, and thus the total charge, is the same on both the reactants' and the products' sides.

CH4O

CH4O represents the chemical formula for methanol, a simple alcohol used as a solvent, fuel, and antifreeze.

H2O

The chemical formula for water, a compound consisting of two hydrogen atoms bonded to one oxygen atom.