ABCLtdhad an Unused Allowable Capital Loss of $20,000 During the Current

question 10

Multiple Choice

ABC.Ltd.had an unused allowable capital loss of $20,000 during the current fiscal year and an unused business loss of $10,000.ABC Ltd.has a December 31 year-end.Which of the following statements is TRUE?

• A)All of the losses will be lost if not used in this fiscal year.
• B)The unused allowable capital loss will become a net-capital loss and can be carried back three years and forward indefinitely, and the unused business loss will become a non-capital loss and can be carried back three years and forward twenty years.
• C)The unused business loss will become a net-capital loss and can be carried back three years and forward indefinitely, and the unused allowable capital loss will become a non-capital loss and can be carried back three years and forward twenty years.
• D)The unused business loss will become a non-capital loss and can be carried back three years and forward indefinitely.

Understand and apply knowledge on the prototype theory and its impact on word meaning.

Explain the relationship between grammar, syntax, and semantics in understanding meaningful sentences.

Understand the practical applications of linguistic concepts in memorization and comprehension tasks.

Understand the relationship between formal education and occupational status.

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