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    Business
  3. Study Set
    Concepts in Federal Taxation
  4. Exam
    Exam 7: Losses-Deductions and Limitations
  5. Question
    An Operating Loss Occurs When an Entity's Deductions Exceeds the Income
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An Operating Loss Occurs When an Entity's Deductions Exceeds the Income

Question 6

Question 6

True/False

An operating loss occurs when an entity's deductions exceeds the income generated for the period.

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