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Identify which of the following statements is true O A. At the election of a corporation, a net capital loss caryback can be forgone and

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Identify which of the following statements is true O A. At the election of a corporation, a net capital loss caryback can be forgone and carried forward only O B. Corporate capital loss carrybacks can offset corporate ordinary income eamed in previous years. O C. A corporate capital loss can be caried back three years, and then can be carried forward five years. O D. All of the above are false

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