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Novak Inc. incurred a net operating loss of $578,000 in 2020. Combined income for 2017, 2018, and 2019 was $459,000. The tax rate for all

Novak Inc. incurred a net operating loss of $578,000 in 2020. Combined income for 2017, 2018, and 2019 was $459,000. The tax rate for all years is 30%. Assume that it is more likely than not that the ...

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