Question
Cedar Corporation reported a $25,000,000 net operating loss in 2022. It also has a $100,000 NOL carryover from 2017. In 2023, Cedar reported taxable income
Cedar Corporation reported a $25,000,000 net operating loss in 2022. It also has a $100,000 NOL carryover from 2017. In 2023, Cedar reported taxable income before any NOL carryovers of $20,000,000. What is Cedar's taxable income in 2023 after the NOL deduction, and what is its NOL carryover, if any, to 2024?
wher did Cedar's taxable inomce in 2022 come from?
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Cost Accounting With Integrated Data Analytics
Authors: Karen Congo Farmer, Amy Fredin
1st Edition
1119731860, 9781119731863
