Which of the Following Is True with Respect to Capital

question 38

Multiple Choice

Which of the following is true with respect to capital gains and losses of a corporation?

• A)A corporation can offset ordinary income with capital losses.
• B)A corporation pays 15 percent long-term capital gains rate, just like an individual.
• C)A corporation can carry a capital loss back 5 years.
• D)A corporation can carry a capital loss forward 5 years.

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Definitions:

Arginine

An essential amino acid that plays an important role in protein synthesis and various metabolic pathways in the body.

Aspartic Acid

An amino acid with a carboxylic acid side chain, important for enzyme activity and neurotransmission, symbol Asp or D.

Neutral Form

Refers to the state of a molecule when it is not bearing a positive or negative charge, typically in the context of pH-dependent forms of molecules in solutions.

L-Serine

An α-amino acid important in biosynthesis, which serves as a building block for proteins.