octoring Enabled: Exam $2($i$)$

$8$

Sivel

Which of the following statements regarding net operating losses generated in $2024$ is true?

Help

$01$:$04$:$20$

Multiple Choice

Corporations can carry the Net Operating Loss $($NOL$)$ back two years and forward up $2020$ years.

A corporation can carry over the Net Operating Loss $($NOL$)$ indefinitely.

A corporation can carry the Net Operating Loss $($NOL$)$ back two years and forward indefinitely.

When a corporation applies a net operating loss carryover, it reports a favorable, permanent book$-$tax difference in the amount of the applied carryovet

None of these is a true statement.