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L Co a domestic corporation in its seventh year of operation in 2018 (Fill in the blank and provide the corresponding computation and necessary journal
L Co a domestic corporation in its seventh year of operation in 2018 (Fill in the blank and provide the corresponding computation and necessary journal entries.).
What will be the answer in year 11? I'm confused to what should I do because there is a net operating loss carry over from year 10.
Note: use Philippine tax law jurisdiction.
Can you please check my other answer if it is correct. Thaaanks in advance. happy new year?
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