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Assume that the Kelso Company operates in an industry for which NOL carryback is allowed. The Kelso Company had the following operating results: What is

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Assume that the Kelso Company operates in an industry for which NOL carryback is allowed. The Kelso Company had the following operating results: What is the income tax refund receivable? Multiple Choice $25,200 19,950 $20,700 $19,200

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