A Calendar Year C Corporation Has a $39,000 NOL in 2009,but

question 30

Multiple Choice

A calendar year C corporation has a $39,000 NOL in 2009,but elects S status for 2010 and generates an NOL of $30,000 in 2010.At all times during 2010,the stock of the corporation was owned by the same 10 shareholders,each of whom owned 10% of the stock.Kris,one of the 10 shareholders,has an adjusted stock basis of $2,300 at the beginning of 2010.What amount of the loss,if any,is deductible by Kris in 2010?

• A)None.
• B)$2,300.
• C)$3,000.
• D)$6,300.

---

Definitions:

Variable Ratio Schedules

A reinforcement schedule in operant conditioning where a response is reinforced after an unpredictable number of responses, leading to high and steady response rates.

Reinforcement Theory

A behavioral theory proposing that behavior is a function of its consequences, with behaviors being encouraged or discouraged through positive or negative reinforcement.

Behavior

The actions or reactions of a person or animal in response to external or internal stimuli.

Need-Based Theories

Are theories of motivation that focus on what motivates a person, rather than on how that motivation occurs.