Which of the Following Is Allowable as a Deduction in Calculating

question 40

Multiple Choice

Which of the following is allowable as a deduction in calculating a corporation's net operating loss?

• A)Charitable contribution deduction.
• B)Net capital loss carryback.
• C)Net operating loss carryover from other years.
• D)Both charitable contribution deduction and net operating loss carryover from other years are deductible in computing the current-year NOL.

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Definitions:

Ethical Challenges

Situations or decisions within businesses or organizations that involve moral dilemmas or require ethical considerations.

Developmental

Pertaining to the process of growth or improvement over time, often used in the context of personal, social, economic, or biological development.

Environmental Destruction

refers to the extensive damage or deterioration of the natural environment through human activities.

Competitive System

A framework within which businesses compete for market share, involving the dynamics of competition, strategies, and market forces.