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Chapter 19 Homework Part 2 Question 8 of 8 < > Blossom Corporation has pretax financial income (or loss) from 2015 through 2021 as

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Chapter 19 Homework Part 2 Question 8 of 8 < > Blossom Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Income (Loss) Tax Rate 2015 $51,840 25 % 2016 (75,600) 20 % 2017 97,200 20 % 2018 32,400 20 % 2019 113,400 20 % 2020 (64,800) 25 % 2021 139,600 25 % 2.93/9 E I Pretax financial income (loss) and taxable income (loss) were the same for all years since Blossom has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized. 82F

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