What Is the Earliest Year to Which a Corporation Can

question 41

Multiple Choice

What is the earliest year to which a corporation can utilize a net operating loss realized in 2018?

• A) 2016
• B) The first year after 2018 the corporation's gross income exceeds its tax deductions for the year.
• C) The first year the corporation earns any revenues
• D) 2019

---

Definitions:

Partitioning

The process of dividing a computer's hard drive into multiple logical storage units or partitions, each treated as a separate drive.

Drive Letter

An alphabetic character assigned to a particular storage volume or device in a computer's file system.

SATA

Stands for Serial ATA, an interface used for connecting storage devices like hard drives and solid-state drives to a computer motherboard, offering faster data transfer speeds compared to older technologies.

ESDI

Enhanced Small Device Interface is an obsolete computer interface standard used for connecting and controlling hard disk drives, superseded by later technologies like SCSI and SATA.