A Corporate Carrying a Net Operating Loss Forward That Was

question 56

True/False

A corporate carrying a net operating loss forward that was incurred in 2017 can only carry it forward for twenty years after being carried back two years.

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Definitions:

Human Nature

The innate characteristics, including ways of thinking, feeling, and acting, which all human beings share.

Fundamental Attribution Error

A cognitive bias where people are more likely to attribute others' actions to their character or disposition rather than to external factors.

Internal Attributions

The process of ascribing the cause of one's own or others' behaviors and outcomes to internal, personal factors rather than to external or situational factors.

Situational Causes

External factors or circumstances that are considered to influence an individual's behavior.