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Asbury, Inc. was incorporated in 2012. It had taxable income (or loss) through 2017 as follows: (Use old carry back carry forward tax rules) Year

Asbury, Inc. was incorporated in 2012. It had taxable income (or loss) through 2017 as follows: (Use old carry back carry forward tax rules) Year 2012 2013 2014 2015 Taxable Income $80,000 ($95,000) $105,000 $22,000 ($50,000) ($34,000) 2016 2017 Calculate the Adjusted Taxable Income for 2014 assuming year 2017 has been completed. A. $0 B. $6,000 C. $40,000 D. $28,000
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Asbury, Inc, was incorporated in 2012. It had taxable income (or loss) through 2017 as follows: (Use old carry back carry forward tax rules) Calculate the Adjusted Taxable Income for 2014 assuming year 2017 has been completed. A. $0 B, $6,000 C. $40,000 D. $28,000

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