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Hoku Corporation (A C Corporation)had the Following History of Income

Question 89

Multiple Choice

Hoku Corporation (a C corporation) had the following history of income and loss: Hoku Corporation (a C corporation) had the following history of income and loss: How much of a tax refund can Hoku Corporation receive by carrying back its 2015 loss? A) $1,500 B) $2,500 C) $3,500 D) None; it cannot carry its loss back How much of a tax refund can Hoku Corporation receive by carrying back its 2015 loss?


A) $1,500
B) $2,500
C) $3,500
D) None; it cannot carry its loss back

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