What Is the Earliest Year to Which a Corporation Can

question 10

Multiple Choice

What is the earliest year to which a corporation can use a net operating loss from 2019?

• A)2018
• B)The first year after 2019 the corporation's gross income exceeds its tax deductions for the year.
• C)The first year after 2021 that the corporation earns any revenues
• D)2017

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Definitions:

Global Culture

A culture experienced worldwide that results from the exchange of ideas, meanings, and values around the globe, often brought about by advancements in communication and technology.

Folk Cultures

Traditional practices, customs, and ways of life passed down through generations within small, cohesive communities.

Norms

Established standards of behavior maintained by a society that are considered acceptable and expected among its members.

Cultural Symbols

Objects, figures, or colors that represent specific ideas or concepts within a culture.