In General,net Operating Losses of a Corporation Are Carried Back

question 71

True/False

In general,net operating losses of a corporation are carried back 3 years and forward for 20 years.

---

Definitions:

Lower Rates

Lower rates typically refer to reduced frequencies, quantities, or financial charges in various contexts, such as interest rates, occurrence of a condition, or pricing.

Arthritis

A group of painful and degenerative conditions marked by inflammation in the joints, causing stiffness and pain.

Fundamental-Cause Theory

A sociological theory suggesting that certain social factors remain the underlying causes of various diseases across different time periods, despite changing disease patterns.

Fewest Resources

Fewest resources refer to possessing the minimal amount of materials, finances, or assets necessary for achieving a specific goal or maintaining a standard of living.