Which of the Following Statements Is Correct

question 91

Multiple Choice

Which of the following statements is correct?

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

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Definitions:

Suicide

The deliberate act of taking one's own life.

Hispanic Male

A male individual who identifies culturally or ethnically with a Spanish-speaking background, often related to countries from Latin America or Spain.

European American

A term referring to Americans of European descent, often used in the context of ethnic and cultural identity.

Greatest Risk

The highest level of risk or potential for harm or adverse effects in a given situation or for a specific condition.