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In its first three years of operations Carlos Productions a musical production company, reported the following operating income foss) amounts: 2019 $ 450,000 2020 (1,000,000)

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In its first three years of operations Carlos Productions a musical production company, reported the following operating income foss) amounts: 2019 $ 450,000 2020 (1,000,000) 2021 1,800,000 There were no other deferred income tax amounts in any year. The enacted income tax rate was 25% in 2020 and 30% thereafter. In its 2020 balance sheet, what amount of deferred tax asset should Carlos report relevant to the NOL? fit concludes that no valuation allowance 15 necessary)

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