Which of the Following Statements Is Correct

question 81

Multiple Choice

Which of the following statements is correct?

• A)A corporation is entitled to a charitable deduction of 10% of its gross income before certain items.
• B)If a corporation has a net operating loss,it can carry the loss back three years and then forward twenty years.
• C)A net capital loss can be carried back three years and then forward five years.
• D)The first estimated payment of a corporation is due on the 15^th day of the third month of the fiscal year.

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Definitions:

Declarative

Pertaining to statements or expressions that convey information or assertions, often used in the context of declarative memory, which involves facts and events information.

Sentences

A set of words that is complete in itself, typically containing a subject and predicate, conveying a statement, question, exclamation, or command.

Imperative

Essential or of vital importance; crucial.

Private Speech

Vocalization expressed aloud by an individual to themselves, often as a way to organize thoughts, plan actions, or problem-solve, particularly observable in children.