Which of the Following Comparisons Is Correct

question 36

Multiple Choice

Which of the following comparisons is correct?

• A)Corporations may carry back capital losses; individuals may not.
• B)Both corporation and individual long-term capital losses carry over as short-term capital losses.
• C)Corporations may carry forward capital losses indefinitely; individuals may carry forward capital losses for only five years.
• D)Both corporations and individuals may use an alternative tax rate on net capital gains.
• E)None of these.

---

Definitions:

Badami

An historic town in Karnataka, India, known for its rock cut structural temples that date back to the 6th century, associated with the Early Chalukyan architecture.

Findspot

The exact location where an artifact was found during an archaeological excavation.

Mohenjo-daro

An archaeological site in the province of Sindh, Pakistan, representing one of the major settlements of the ancient Indus Valley Civilization, known for its advanced urban planning and architecture.

Chaitya Hall

A prayer hall in Indian Buddhism, usually carved out of rock, featuring a stupa at one end.