Which of the Following Is Allowable as a Deduction in Calculating

question 12

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 A and C are deductible in computing the current year NOL.

---

Definitions:

Interpretation and Meaning

The process of explaining or providing the significance of something, such as data or events, often involving personal judgment or contextual analysis.

Dramatistic Analysis

Analyzing communication as performance, as actors acting out a drama; sometimes called dramatism. For example, Burke’s dramatistic pentad asks questions such as these: What act is taking place? Who is taking this action? How or by what means did the act take place? Where and when did the act take place? Why was the act done?

Agent Refers

Typically denotes the doer of an action or the subject in a sentence structure in linguistics or semantic studies.

Marxist

Refers to the philosophical, economic, and political theories developed by Karl Marx, emphasizing class struggle and societal change through revolution.