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3) O O true false 6) Corporations may carry a net operating loss sustained in 2021 back two years and forward indefinitely. 6) true false

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3) O O true false 6) Corporations may carry a net operating loss sustained in 2021 back two years and forward indefinitely. 6) true false 7) A corporation evaluates the need for a valuation allowance by comparing both p and negative evidence that the corporation will realize a deferred tax asset in the future. a

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