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Ivanhoe Inc. reports a taxable and financial loss of $773000 for 2020. Its pretax financial income for the last two years was as follows:
Ivanhoe Inc. reports a taxable and financial loss of $773000 for 2020. Its pretax financial income for the last two years was as follows: 2018 $317000 2019 450000 The amount that Ivanhoe Inc. reports as a net loss for financial reporting purposes in 2020, assuming that it uses the carryback- provisions, and that the tax rate is 30% for all periods affected, is O $0. $640000 loss. O $192000 loss, O $542900 loss.
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