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If a corporation has a net operating loss, the loss may be _ and then_?

A)    Carried back, carried forward

B)    Carried forward, carried back

C)    None

Accounting Financial Accounting Financial Management
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Question added by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University
Date Posted: 2015/05/08
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RAJESH DESHKULKARNI GOPAL
by RAJESH DESHKULKARNI GOPAL , Group Accounts & Tax Manager , Confidential Group

If a corporation has a net operating loss, the loss may be _ and then_?

A)    Carried back, carried forward

B)    Carried forward, carried back

C)    None

Answer B

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