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10 points Harvest Farms reported a net operating loss of $300,000 for financial reporting and tax purposes in 2019. The enacted tax rate is 25%.
10 points Harvest Farms reported a net operating loss of $300,000 for financial reporting and tax purposes in 2019. The enacted tax rate is 25%. Taxable income tax rates, and income taxes paid in Harvest's first two years of operation were as follows: 2017 $150,000 30% 2018 $80,000 25% Following the CARES Act, the amount of net loss reported on the income statement for the year ended December 31, 2019 would be (Do not add dollar sign; do not add comma by yourself to your amount round the answer to the whole number)
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