Which of the Following Is Allowable as a Deduction in Calculating

question 73

Multiple Choice

Which of the following is allowable as a deduction in calculating a corporation's net operating loss?

• A) Charitable contribution deduction.
• B) Domestic production activities deduction.
• C) Net capital loss carryback.
• D) Net operating losses from other years.

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Definitions:

Dominant

In genetics, a term to describe the ability of an allele for a trait to mask the presence of another allele.

Allele

A variation of a gene, resulting from mutation, that occurs in the same location on a chromosome, among two or more possibilities.

Blood Protein

Various proteins found in blood, serving functions such as transport, immunity, and regulation of bodily processes.

Oxygen

A chemical element with symbol O and atomic number 8, essential for most life forms on Earth as a component of water and as a necessary element for cellular respiration.