Answer:
Option b=> may be carried back 2 years or carried forward up to 20 years.
Explanation:
Net Operating Loss(NOL) just as it is given in the question, it occurs '' for tax purposes in a year when tax-deductible expenses exceed taxable revenues".
When a company experience such loss, the company or firm/ business organization will then take this loss to the following years. This will reduce the profit the company will make in the following years and most times many companies or business organization do not make "real" money so the body in charge of Internal revenue will then give the company or firm a tax relief which will make or exclude them from paying tax for that year.
Net Operating Loss(NOL) is used in the reduction of the company tax liability and it may be may be carried back 2 years or carried forward up to 20 years.
Answer:
B “six to eighteen months“
Explanation:
i googled
Answer:
b. No journal entry is required
Explanation:
Given that
Estimated percentage of losing = 40%
Estimated amount = $800,000
By considering the above information, we concluded that
As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.
Therefore in the given case, the correct option is b.
Answer:
Can reduce the number of workers it uses, but it cannot adjust how much capital it uses
Explanation:
The Short Run
This is simply refered to as a time frame (period of time) where at least one factor of production is fixed. The totality of Production takes place in the short run that is, it using more of the variable factors such as labour to the fixed factor such as capital, land.
The length of the short run can be known by the time it takes to increase the quantity of the fixed factor. This is said to change from industry to industry. The industries with Short Short Run includes Call centres, digging holes, internet based etc.
The Long Run
It is also known as the timeframe where all factors of production are said to be variable, but the state of technology is fixed. All planning takes place in the long run that is always in your head.
Answer:
Option D. It is the behavior that seeks to improve the well-being of other people.
Explanation:
The reason is that prosocial behavior are motivated by altruism, which is a behavior of a person to benefit others and this may be at the cost of oneself. So their is no mean in this charity work and is purely an act of humanity. This prosocially motivated behavior is the purest form of altruism hence the only correct option here is option D.