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Which of the following statements regarding capital gains and losses is false? A. In terms of tax treatment, corporations generally prefer capital gains to ordinary
Which of the following statements regarding capital gains and losses is false? A. In terms of tax treatment, corporations generally prefer capital gains to ordinary income. B. Like individuals, corporations can deduct $3,000 of net capital losses against ordinary income in a given year. C. C corporations can carry back net capital losses three years and they can carry them forward for five years. D. Corporations must apply capital loss carrybacks and carryovers in a particular order
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