NOTE: The answer is NOT $200 Problem 11-4Corporate Capital Gains and Losses (LO 11.2)DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2018:Taxable resultYear2018201920202021$40,000(15,000)(5,000)6,000Assuming DeMaria makes no special elections with regard to NOLS, what is DeMaria's net operating loss carryforward into 2022? If your answer is zero, enter "0".200 X

Loss of one year can be carried forward and adjusted against profit of subsequent years.

Problem 11-4 Corporate Capital Gains and Losses (LO 11.2) DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2018: Year Taxable result 2018 2019 2020 2021 $40,000 (15,000) (5,000) 6,000 Assuming DeMaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2022? If your answer is zero, enter "0" S 200 X

Problem 11-4 Corporate Capital Gains and Losses (LO 11.2) DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2018: Year Taxable result 2018 2019 2020 2021 $40,000 (15,000) (5,000) 6,000 Assuming DeMaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2022? If your answer is zero, enter "0" S 200 X

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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