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Assume that Peridot operates in an industry for which NOL. carryback is allowed. In its first four years of operations Peridot reported the following operating

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Assume that Peridot operates in an industry for which NOL. carryback is allowed. In its first four years of operations Peridot reported the following operating income (loss) amounts: There were no other items affecting deferred income taxes in any year. In 2023. Peridot elected to carry back its operating los5. The enacted income tax rate was 25%. In its 2024 income statement, what amount should Peridot report as income tax expense

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