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Dennis_Churaev [7]
3 years ago
6

Which of the following statements regarding net operating losses generated in 2020 is true? A) A corporation can carry NOLs back

two years and forward indefinitely. B) When a corporation applies a net operating loss carryover, it reports a favorable, permanent book–tax difference in the amount of the applied carryover. C) Corporations can carry NOLs back two years and forward up to 20 years. D) A corporation can carry over the NOL indefinitely. E) None of these is a true statement.
Business
2 answers:
Butoxors [25]3 years ago
6 0

Answer:

D) A corporation can carry over the NOL indefinitely.

Explanation:

A net operating loss (NOL) can said to exists in a situation where a company's or organization deductions exceed their taxable income and A NET OPERATING LOSS can as well help benefit a company by trying to reduce their taxable income in the future which is why NOLs may now be carried forward indefinitely until such loss is fully recovered, Although they are said to be limited to only 80% of that taxable income in any one tax period which is why these NOLs can be carried forward indefinitely instead of them been limited to only 20 years.

kirill115 [55]3 years ago
4 0

Answer:

A corporation can carry over the NOL indefinitely

Explanation:

A net operating loss occurs when a companies tax payment exceeds its taxable income. Companies make this excess payment to offset future tax liabilities.

For example farms can generate much profit this year, but next year when they are offseason profits will be low. A NOL can be used to settle next year's tax liability.

After 2018 corporations can now carry forward NOL indefinitely as far as the NOL is not greater than 80% of previous year's income.

Before 2018 Corporations can carry NOLs back two years and forward up to 20 years.

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Serga [27]

Answer:

Explanation:

The four transactions  will be recorded in the general journal as follows:

1) Debit cash                 $12,000

             Credit common stock                       $12,000

(To record the sale of common stock)

2) Debit purchases                 $5,600

            Credit   cash                 $5,600

(To record purchase of inventory in cash)

3) Debit cash                 $5,712

           Credit sales                        $3,360

            Credit gross profit              $2,352

(To record the sale of inventory in cash)

4) Debit advertising expenses                   $650

          Credit cash                     $650

(To record the payment of advertising expenses in cash)

5 0
3 years ago
Miguel, a recent​ 22-year old college​ graduate, wants to retire a millionaire. How much will he need to set aside annually to a
olga55 [171]

Answer

Miguel must set aside $62,745 annually

Explanation

N = Number of years till Miguel would retire = 43 years

FV = Future Value = $1,000,000

r = Interest rate = 10%

PMT = Annual payments (at the ending of the year) = ?? The question asks us to calculate this

We would use the future value ordinary annuity formula to calculate PMT

FV = PMT [\frac{(1+r )^{N} -1}{r} ]

1000000 = PMT [\frac{(1+0.10 )^{10} -1}{0.10} ]

PMT ≅ $62,745

Miguel must set aside $62,745 annually

3 0
3 years ago
As blogs and celebrity testimonials have proliferated across the media landscape, so have efforts by businesses and manufacturer
alexira [117]

Answer:

Over the last few years the blogging is utilized as an incredible internet based life instrument to affect business and related financial matters. In many nations organizations that exist take the assistance of a few or the other type of online life, as a result of its regularly growing job in making positive brain research for the clients. Subsequently empowering better deals and surveys for the organization.  

Bloggers will in general big affect buy choices by regular open which normally will in general partner this as an indication of pre-dominance of the item or brand where they put the resources.  

Morally, the most concerning issue in big names and bloggers drawing in themselves in paid audits or tributes is that they themselves will in general have practically no information on the contribution and individuals purchase this simply out of the way that their preferred blogger has bought a thing and can be trusted upon  

The greatest case of this in the ongoing occasions is the Festival which was facilitated by a youthful business visionary and wound up being a calamity in which individuals lost a huge number of dollars. Models for this was employed for advancements which surely looked obviously superior to the last item which the clients wound up in buying.  

This features the very substance of moral issues related with monetary understandings for paid audits and tributes that as a rule big names or bloggers simply work for the cash they get without irritating a lot about the net consequence of such a course of action. Without having appropriate understanding about the item or administration being offered, they aimlessly offer the item to shoppers who don't will in general know this plan.  

Through this methodology, the organizations will in general influence consideration on explicit items for the end buyer and put abusing bloggers under control.  

7 0
3 years ago
Richard is attending an important board meeting with his colleagues to discuss future plans for the company. Many ideas are bein
eimsori [14]

Answer: Critical listening

Explanation:

Richard is engaged in critical listening during the course of the meeting, to fully get the full message passed across by the different speakers at meeting.

Critical listening is a type of listening, where an individual pays full attention to get full details of information being passed across during a speech and in the process making judgements about what is been discussed.

3 0
3 years ago
Match each term to its definition. Part Aa. surplus b. debt c. interest d. deficit Part B1. the total of all accumulated and unp
yanalaym [24]

Answer:

The answers are as follows;

1. the total of all accumulated and unpaid deficits (b. Debt)

2. a situation in which outlays exceed revenue (d. Deficit)

3. a situation in which revenue exceeds outlays (a. Surplus)

4. the fee that borrowers pay to debt holders (c. Interest)

Explanation:

4 0
3 years ago
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