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Exercise 19-25 Bridgeport reported the following pretax financial income (loss) for the years 2015-2019. 2015 2016 2017 2018 2019 $227,000 327,000 92,000 (505,000) 183,000 Pretax
Exercise 19-25 Bridgeport reported the following pretax financial income (loss) for the years 2015-2019. 2015 2016 2017 2018 2019 $227,000 327,000 92,000 (505,000) 183,000 Pretax financial income loss and taxable income oss were the same for a years involved. The enacted tax rate was 34% o,2015 and 2015 and 410% for 2017-2019. Assume the carryback provision is used first for net operating losses
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