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4 Ajax Corporation had a net operating loss of $1.4M in 2020, followed by accounting and taxable income in 2021 and 2022 of $0.8M and

4 Ajax Corporation had a net operating loss of $1.4M in 2020, followed by accounting and taxable income in 2021 and 2022 of $0.8M and $2.3M, respectively. Tax rates in all years were 20%. Assume carry...

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