If a corporation incurs a taxable loss, they are entitled to carry the loss back for three years or

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If a corporation incurs a taxable loss, they are entitled to carry the loss back for three years or

If a corporation incurs a taxable loss, they are entitled to carry the loss back for three years or
forward for twenty years.
[True or False?]

Textbook

Intermediate Accounting, Volume 2

Edition: 5^th

Authors: Beechy, Conrod, Farrell

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