Which of the Following Statements Is False for a C

question 56

Multiple Choice

Which of the following statements is false for a C corporation that incurred a net operating loss for a tax year ending in 2017?

• A)If it carries back the NOL and/or carries it forward, it may offset up to 80 percent of the taxable income (before the NOL deduction)in those years.
• B)It may carry the NOL forward for up to 20 years and offset up to 100 percent of the taxable income (before the NOL deduction)in those years.
• C)It may carry the NOL back two years and offset up to 100 percent of the taxable income (before the NOL deduction)in those years.
• D)None of these (selecting this option means you believe all of the other responses are true).

---

Definitions:

Simple Email

A concise and straightforward electronic message focused on a single subject or request.

Written Channels

Communication methods that use written or typed messages, such as emails, reports, or memos, to convey information.

Spoken Channels

Means of communication that rely on verbal messages, such as conversations, speeches, or presentations.

Audience Centred

An approach focusing on understanding and addressing the interests, needs, and expectations of the audience.