Airparts corporation reported a net operating loss of $25 million for financial reporting and tax purposes. taxable income last year and the previous year, respectively, was $20 million and $15 million. the enacted tax rate each year is 40%. prepare the journal entry to recognize the income tax benefit of the net operating loss. airparts elects the carryback option.

mauve company permits employees to occasionally use the copying machine for personal purposes

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.