For Subchapter C corporations, which of the following statements is true?

Multiple Choice

Corporations can elect to forgo the carryback period for capital losses and only carry the losses forward.

Capital losses are permitted up to $$3,000$ per year.

Capital losses can be carried back three years and then carried forward five years.

Capital losses can be carried back $2$ years and then carried forward $20$ years.Which of the following statements is false?

Multiple Choice

A corporation may be entitled to a deduction for dividends received from other domestic corporations.

Passive loss rules apply to all corporations.

A corporation with average sales in excess of $$27,000,000$ must use the accrual method of accounting.

The charitable contributions of a corporation may be limited$.$