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6. (5 Points) Khan, Inc. reports a taxable and financial loss of $650,000 for 2011. Its pretax financial income for the last two years was
6. (5 Points) Khan, Inc. reports a taxable and financial loss of $650,000 for 2011. Its pretax financial income for the last two years was as follows: 2009 $300,000 2010 400,000 The amount that Khan, Inc. reports as a net loss for financial reporting purposes in 2011, assuming that it uses the carryback provisions, and that the tax rate is 30% for all periods affected, is
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