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Fittoniya [83]
2 years ago
10

The CARES Act allows special treatment for net operating losses incurred in 2018, 2019, and 2020. Which of the following is not

included in that special treatment?
Business
1 answer:
Ulleksa [173]2 years ago
3 0

Answer: d. Taxpayers may claim the carryback using Form 1045 at any time within three years of the due date of the return for the NOL year.

Explanation:

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, was signed into law in the wake of the effects of the Coronavirus pandemic that swept the nation in 2020.

Under this Act, all NOLs may be carried back five years and taxpayrs were allowed to waive their carryback period by attaching a statement to their 2020 return.

The Act however, did not allow for taxpayers to claim their carryback using Form 1045 at any time within three years of the due date of the return for the NOL year as this Act was only passed to cushion the effects of the pandemic in 2020.

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Mortar Corporation acquired 80 percent of Granite Corporation's voting common stock on January 1, 20X7. On December 31, 20X8, Mo
Lubov Fominskaja [6]

Answer:

The debit adjustment to equipment would be $30,000.

Explanation:

Amount received for the equipment by Mortar from Granite - $370,000

Purchase price of the equipment = $400,000

Debit adjustment to equipment = Purchase price of the equipment - Amount received for the equipment by Mortar from Granite = $400,000 - $370,000 = $30,000

Therefore, the debit adjustment to equipment would be $30,000.

8 0
2 years ago
The system that compares actual results to a budget so that significant deviations can be flagged and investigated further is ca
horrorfan [7]

The system that compares actual results to a budget so that significant

deviations can be flagged and investigated further is called management by

exception

Management by exception is the type that helps the managers to focus on

the most important variances while ignoring unimportant changes between

the budget and actual results.

This is commonly used in budgets preparation to ensure that the important

factors which may affect project completion are taken into consideration to

prevent shortages.

Read more on brainly.com/question/25408603

4 0
2 years ago
Bonds that hold two adjacent nucleotides together are called __________________ bonds.
Murrr4er [49]

Bonds that hold two adjacent nucleotides together are called "phosphodiester bond."

<h3>What is phosphodiester bond?</h3>

The phosphodiester bonds are created as a result of a condensation reaction between two sugar groups' phosphate and hydroxyl groups.

Some key features regarding the phosphodiester bond are-

  • The hydroxyl group is a like-group formed by bonding of one oxygen atom and a hydrogen atom.
  • The carbon that the hydroxyl group would be attached is represented by the "-."
  • Furthermore, phosphate groups are molecules that contain an atom of phosphorus covalently bonded to four oxygen atoms.
  • The phosphodiester bond is also known as the phosphoester bond.
  • A phosphodiester bond is a chemical bond formed when two hydroxyl groups throughout phosphoric acid react with hydroxyl groups on other molecules, resulting in the formation of ester bonds.
  • It can be found in the backbones of DNA and RNA.

To know more about the phosphodiester bond, here

brainly.com/question/23660733

#SPJ4

7 0
1 year ago
Alayna is a voice and singing coach. She is a calendar-year taxpayer using the accrual method of accounting. On November 2, 2018
Umnica [9.8K]

Answer:

She should report $2400.00

Explanation:

She has a contract for 64 hours and she gets $3200.00 Just by aritmethics, this is doing a division we can find that she gets $50.00 for every hour, therefore if she gives 48 hours in 2019 we multiply $50.00 for 48 hours and we get $2,400.00

5 0
3 years ago
What is one data point that shows a good propensity to pay the loan back?
miss Akunina [59]

Answer:

A data point that shows a good propensity of a borrower to pay back loans is location efficiency and or stability. This data point projects a 6% increase whether or not the borrower will repay the loans he/she borrowed.

8 0
2 years ago
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