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In its first three years of operations Carlos Productions, a musical production company, reported the following operating income ( loss ) amounts: 2 0 2
In its first three years of operations Carlos Productions, a musical production company, reported the following operating income loss amounts:
$
There were no other deferred income tax amounts in any year. The enacted income tax rate was in and thereafter. In its balance sheet. what amount of deferred tax asset should Carlos report relevant to the NOL? it concludes that no valuation allowance is necessary
Multiple Choice
$
so
$
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