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Business, 08.11.2019 02:31 daytonalive6511

During 2019, its first year of operations, bento steel corporation reported a net operating loss of $500,000 for financial reporting and tax purposes. bento carryforward the nol. assuming 2020 pretax accounting income and taxable income is $100,000. the enacted tax rate is 25% for both years. the amount of net income reported in 2020 income statement would be:

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During 2019, its first year of operations, bento steel corporation reported a net operating loss of...
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