Question: 22. Business Entity Problem: This problem is designed for those using the business entity approach. The solution may require information from Chapters 14-16. a. Budget

22. Business Entity Problem: This problem is designed for those using the business entity" approach. The solution may require information from Chapters 14-16. a. Budget Corporation, a calendar-year corporation, has a net operating loss (NOL) of $150,000 in 2018. What may the corporation do with this loss? b. If the business was operated as a partnership, how would the loss be treated? c. If Budget was an S corporation, how would the loss be treated

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