loss incurred by a corporation a. can be carried back 3 years or forward 10 years, whichever is more advantageous to the firm. b. must be carried back 2 years before being carried for 5 years. c. can be carried forward indefinitely. d. can be carried back 5 years and forward 3 years. e. cannot be used to reduce taxes in other years except with special permission from the IRS.

Option:Can be carried forward indefinitely

Explanation:

Companies experience losses due to several factors. Corporation also termed as organization, enterprise, or business is a man made creation of legal entity that exists on its own and setting aside individuals who created it and carrying on its operations.

Loss by companies is simply defined as whenbusinesses sell products or services for less then the price or cost at which they(to) produce. A loss incurred by a corporation can becarried back and then forward in some places/countries. A capital loss is the loss incurred by a corporation when a capital asset, such as an investment, decreases in im its importance or value. Corporation's treatment of net capital loss includes the capital loss only deductible against capital gain, carryback 3 years forward 5 years, expire after 5 years and deduct net capital losses fom ordinary income.

lives by a moral and ethical code

answer(b) partnership';