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In the current year, Crimson, Inc., a calendar C corporation, has income from operations of...

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Accounting

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In the current year, Crimson, Inc., a calendar C corporation, has income from operations of $180,000 and operating deductions of $225,000. Crimson also had $30,000 of dividends from a 15% stock ownership in a domestic corporation. Which of the following statements is correct with respect to Crimson for the current year? a. Crimson's NOL is S15,000 b. The NOL is carried back 3 years and forward 10 years by Crimson C.A dividends received deduction is not allowed in computing Crimson's NOL. d. Crimson's dividends received deduction is $15,000 e. None of these choices are correct

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