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For the year ended December 31. year 3. Colt Corp. has a loss carryforward of $180,000 available to offset future taxable income. At December 31.
For the year ended December 31. year 3. Colt Corp. has a loss carryforward of $180,000 available to offset future taxable income. At December 31. year 3, all available evidence concerning future profitability is positive. Assume an income tax rate of 30%. What amount of the tax benefit should be reported in Colt's year 3 income statement? $ 54,000 $0 $180,000 $126,000 Save for later Attempts: 0 of 1 used Submit Answer pot sent to
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