Which of the Following Statements Regarding Capital Gains and Losses

question 106

Multiple Choice

Which of the following statements regarding capital gains and losses is false?

• A)In terms of tax treatment, corporations generally prefer capital gains to ordinary income.
• B)Like individuals, corporations can deduct $3,000 of net capital losses against ordinary income in a given year.
• C)Corporations can carry back net capital losses three years and they can carry them forward for five years.
• D)Corporations must apply capital loss carrybacks and carryovers in a particular order.

---

Definitions:

New Window

A feature in graphical user interfaces (GUIs) that allows users to open a separate viewing area for applications or documents.

Keywords

Words or phrases used to describe content or used in searches to find relevant documents or information.

Internet Searches

The process of using a web browser to enter queries into a search engine to find specific information on the internet.

Semantic Web

An extension of the current Web, aimed at providing a more meaningful and structured way of representing data on the internet.