If a C Corporation Incurs a Net Operating Loss in 2017

question 60

True/False

If a C corporation incurs a net operating loss in 2017, it may carry the loss back two years and forward 20 years to offset income in those years. However, it may offset only 80% of the taxable income before the NOL deduction in those years.

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Definitions:

F-ratio

A statistical measure that is used to compare the variance among group means in a sample.

Null Hypothesis

The null hypothesis is a default hypothesis that there is no significant effect or difference present, to be tested against the alternative hypothesis.

GPAs

Grade Point Averages (GPAs) are numerical calculations used to assess a student's academic performance, typically on a scale from 0 to 4.0.

F-ratio

A statistical measure used in the analysis of variance (ANOVA) to compare the variability between groups to variability within groups.