B$12$ Corporation is currently in the sixth year of its existence $(2023).$ In $2018-2022,$ it reported the following income and $($losses$)$

$($before net operating loss carryovers or carrybacks$).$

Required:

a$.$ What is B$12\text{'}$s $2023$ taxable income after the NOL deduction $($assume it does not elect to forgo any carrybacks, if applicable$)?$

b$.$ What is its $2023$ book$-$tax difference associated with its NOL? Is it favorable or unfavorable? Is it permanent or temporary?

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

What is B$12\text{'}$s $2023$ taxable income after the NOL deduction $($assume it does not elect to forgo any carrybacks, if applicable$)?$

$2023$ taxable income after the NOL deduction

B$12$ Corporation is currently in the sixth year of its existence $(2023).$ In $2018-2022,$ it reported the following income and $($losses$)$

$($before net operating loss carryovers or carrybacks$).$

Required:

a$.$ What is B$12\text{'}$s $2023$ taxable income after the NOL deduction $($assume it does not elect to forgo any carrybacks, if applicable$)?$

b$.$ What is its $2023$ book$-$tax difference assoclated with its NOL? Is it favorable or unfavorable? Is it permanent or temporary?

Complete this question by entering your answers in the tabs below.

Required A

Required B

What is its $2023$ book$-$tax difference associated with its NOL? Is it favorable or unfavorable? Is it permanent or temporary?