Which of the Following Is Allowable as a Deduction in Calculating

question 73

Multiple Choice

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

• A) Charitable contribution deduction.
• B) Domestic production activities deduction.
• C) Net capital loss carryback.
• D) Net operating losses from other years.

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Definitions:

Earnings per Share

A company's net profit divided by its number of outstanding shares, indicating how much money each share makes in net income.

Annual Dividend

The total amount of dividends paid to shareholders over a year.

Share

A unit of ownership in a company or financial asset that represents a proportionate claim on its assets and earnings.

Partial Excludability

Characteristic of a good whereby it is difficult but not impossible to prevent people from using it, often seen in semi-public goods.