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Multiple Attempts Not allowed. This test can only be taken once Force Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test Remaining Time: 6 hours, 41 minutes, 13 seconds. Question Completion Status: Close Window Moving to another question will save this response Question 33dT3® uestion 33 1.4 points Save Answer Patriek has a busines net cperating loss ot $70,000 in 2015. Fatrick's business generated aignificant taxable protits in 2013 and in 2014 Khich of the following is true? o a Patzick may oftset income he generated in 2013 and then 2014 ith 20is's net operating ioss by carrying che net operating 1oss back to each of those tax years. The remaining net opezating loss at any) can be carried forward and used to offset fueure taxable income. b Patriek nay use the net operating lo,, tettset income tren any year he ence". oc. sez eperating 1cs.es can offset only tutuze neem. o d Ses operating losses cannot be carried back or terwazd. e patrick may elect to offset the inoame he gene r sted in 201 with 20y, tet perating less. the trueing see erating iu it an > Mowg to another question save this response s Question 33 of 73 a Close Window 946 AM OLL

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The correct option (A).

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