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please answer to question, M18-8 ciated riod. Ited ce 1118-8 In 2019, Swope Company reports a pretax oper- ating loss of $100,000 for both financial
please answer to question, M18-8
ciated riod.
Ited ce 1118-8 In 2019, Swope Company reports a pretax oper- ating loss of $100,000 for both financial report. ing and income tax purposes. Swope concludes that the operating loss in 2019 is temporary and that the company will return to profitability in 2020. The current tax rate is 21%, and no change in the tax rate has been enacted for future years. At the end of 2019, the journal entry recorded would contain an income tax benefit from an operating loss carryforward of: a. SO b. S89,ooo c. S21,ooo d. S100,ooo
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