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Blue inc, reports the following pretax income (loss) for both book and tax purposes. The tax rates listed were all enacted by the begirning of

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Blue inc, reports the following pretax income (loss) for both book and tax purposes. The tax rates listed were all enacted by the begirning of 2018 . the benefits of the loss carryforward will not besealiza the weight of available evidence, it is more likely than not that one-half of not indent manually. If no entry is required, select "No Entry" for the account titles and ented of not indent manually. if no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Benefit Due to Loss Carryback 10500 Benefit Due to Loss Carrylorward (To record allowance.) 2021 Income Tax Expense 31750 Income Tax Payable Deferred Tax Asset (To record income taxes.) Allowance to Reduce Deferred Tax Asset to Expected Realiz 10500 21250 10500

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