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Pharoah, Inc. reported a taxable and financial loss of $2650000 for 2026 . Its pretax financial income for the last two years was as follows:
Pharoah, Inc. reported a taxable and financial loss of $2650000 for 2026 . Its pretax financial income for the last two years was as follows: The amount that Pharoah reports as a net loss for financial reporting purposes in 2026 , assuming that it uses the carryback provisions and that the tax rate is 20% for all periods affected, is $2650000.$530000$0.$2120000
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