Question 21 of 35. Which of these corporations is exempt from filing an annual form 1120 in the currenty Aspen, Incorporated. They no longer carry on subslantial acivities Oaks, Inc. They report a loss. Pine Corporation. They no longer relain any assels. Larch Corp. The company was dissolved in the prior yeat. Mark for follow up Question 22 of 35. Which of the following is an example of nonrecourse debt? A personal loan secured by collateral where the borrower's liability is limited to the collateral Any business debt that is socured by collateral. A home mortgage where the buyer is personally liable for any deficiency after foreclosure. An automoble lease