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In Which Country a Loss Carry-Forward Allows the Entity to Offset

question 5

Multiple Choice

In which country a loss carry-forward allows the entity to offset future taxable income against the accumulated losses for up to 20 years?


Definitions:

Aponeurosis

A flat, broad tendon-like sheet of connective tissue that attaches muscles to the part it moves or to another muscle.

Tendon

A fibrous connective tissue that attaches muscle to bone, facilitating movement by transmitting the force generated by the muscle.

Dorsiflexion

The backward bending and contracting of your hand or foot, decreasing the angle between the dorsum (back) and the leg.

Plantar Flexion

The motion of moving the foot so that the toes are pointed downward, away from the leg.

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