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Exercise 19-22 (Part Level Submission) eal Corporation has pretax financial income (or loss) equal to taxable income (or loss) from 2009 through 2017 as llows.

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Exercise 19-22 (Part Level Submission) eal Corporation has pretax financial income (or loss) equal to taxable income (or loss) from 2009 through 2017 as llows. Income (Loss) $35,380 48,800 20,740 58,560 (183,000 ) 109,800 36,600 128,100 (73,200) Tax Rate 30% 30% 35 % 50 % 40% 40% 40 % 40% 45% 2009 2010 2011 2012 2013 2014 2015 2016 2017 Pretax financial income (loss) and taxable income (loss) were the same for all years since Teal has been in business. Assume the carryback provision is employed for net operating losses. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefts will be realize en

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