A piece of equipment is a good example of a (n) ___________.

Which of the following statements is false?

A) Under the Americans with Disabilities Act, preemployment questions may not investigate disabilities. B) The Civil Rights Act of 1991 explicitly prohibits race and sex norming. C) The Fair Credit Reporting Act requires that employers obtain a candidate's consent before using a third party to check the candidate's credit history or references. D) Under the Immigration Reform and Control Act of 1986, employers may no longer hire individuals who do not hold U.S. citizenship.

A calendar year C corporation reports a $41,000 NOL in 2017, but it elects S status for 2018 and generates an NOL of $30,000 in that year. At all times during 2018, the stock of the corporation was owned by the same 10 shareholders, each of whom owned 10% of the stock. Kris, one of the 10 shareholders, holds an S stock basis of $2,300 at the beginning of 2018 . How much of the 2018 loss, if any,

is deductible by Kris? a. $0 b. $2,300 c. $3,000 d. $7,100