In the Current Year,Amber,Inc

question 75

Multiple Choice

In the current year,Amber,Inc. ,a calendar C corporation,has income from operations of $400,000 and operating deductions of $535,000.Amber also had $50,000 of dividends from a 10% stock ownership in a domestic corporation.Which of the following statements is incorrect with respect to Amber's net operating loss deduction?

• A)Amber's NOL is $120,000.
• B)The NOL is carried back 2 years and forward 20 years by Amber.
• C)No dividends received deduction is allowed in computing Amber's NOL.
• D)Amber can elect to forgo the carryback period and only carry forward the NOL.
• E)None of the above.

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Definitions:

Radical Behaviorism

A branch of behaviorism that views all behavior as a consequence of environmental interactions and rejects the notion of inner states like thoughts and feelings as causes of behavior.

Radical Behaviorism

A philosophical stance regarding the science of behavior developed by B.F. Skinner, which argues for the study of observable behavior and its controlling variables in the environment, as a means of understanding human and animal behavior.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Radical Behaviorism

A perspective in psychology developed by B.F. Skinner that emphasizes observable behavior and environmental factors in understanding and modifying behavior.