USA HISTORY

Detailed explanation-1: -Statement is false because, in the view of limited liability of the members and shareholders of a company, they are not liable to pay any amount from their private assets if company suffers any loss or get into liquidation.

Detailed explanation-2: -In most cases, companies operating at a loss don’t have to pay income tax. A company may be able to transfer its loss to another company, or carry the loss forward to future years. To carry the tax loss forward, you’ll need to: report it in your company’s Income tax return (IR4)

Detailed explanation-3: -Generally, investors will lose all of their money, unless a small portion of their investment is redeemed through the sale of any company assets.

Detailed explanation-4: -A business loss occurs when your business has more expenses than earnings during an accounting period. The loss means that you spent more than the amount of revenue you made. But, a business loss isn’t all bad-you can use the net operating loss to claim tax refunds for past or future tax years.