A corporation that incurs a pre-tax operating loss must:
A. carryback the loss for tax purposes.
B. choose to both carryback and carryforward the loss or to only carryforward the loss.
C. carryforward the loss for tax purposes.
D. choose to both carryback and carryforward the loss or to only carryback the loss.
Answer: B
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Jerome wears a t-shirt that bears a picture of the current U.S. president. Under this picture, there are words which imply that the President is doing a bad job of running the country. In accordance with the Freedom of Speech Clause, which of the following is an accurate statement?
A. Criticizing the current president is fully protected speech and Jerome cannot be prosecuted. B. Jerome could be arrested as his t-shirt violates the Freedom of Speech doctrine. C. Jerome wearing the t-shirt is an example of limited protected speech. D. Wearing the t-shirt makes Jerome liable for prosecution on the basis of defamation.
From a sample of 500 items, 30 were found to be defective. The point estimate of the population proportion defective will be
A. 0.06. B. 30.0. C. 470. D. 0.94.
Which of the following typically represents the largest cash expenditures incident to home ownership?
a. utility services (water, electricity, gas) b. maintenance costs c. PITI (principal, interest, insurance, and taxes) d. property taxes
The U.S. system of law is based primarily on code law
Indicate whether the statement is true or false