A Corporation Has a Net Capital Loss

question 69

True/False

A corporation has a net capital loss. The significance of a net capital loss in 2013 for a corporation is that it can be carried back 3 years and carried forward 5 years by a corporation to offset capital gains in other taxable years.

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Definitions:

Standard Form

A universally recognized method of displaying information or arguments for ease of understanding and analysis.

Implicit Propositions

Statements that are assumed within an argument but not explicitly stated.

Syllogisms

A method of logic where a conclusion is derived from two presented or assumed statements (premises), both containing a shared or middle term that is absent in the conclusion.

Implicit Propositions

Statements that are not directly expressed but are inferred from explicit statements within a discourse.