Valley Inc

question 51

Multiple Choice

Valley Inc. incurred a $71,400 net operating loss in 2021. Which of the following statements is true?

• A) Valley can use the NOL only as a carryforward deduction.
• B) Valley can use the NOL only as a carryback deduction.
• C) Valley can elect to use the NOL as a carryforward or carryback deduction.
• D) None of these choices are true.

---

Definitions:

Stakeholders

The persons, groups, and other organizations that are directly affected by the behaviour of the organization and that hold a stake in its performance.

Strategic Accomplishments

Achievements that significantly contribute to the fulfillment of key goals or objectives within a strategic plan.

Corporate Strategy

The overarching plan or direction a corporation takes to achieve its goals and maximize value for its stakeholders.

Industries

Refers to the various categories of economic activity that are characterized by distinct types of business operations, such as manufacturing, technology, health care, and finance.