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please post the journal entries for questions 7 & 8 7. Company E has a pretax operating loss of $100,000 in its first year of
please post the journal entries for questions 7 & 8
7. Company E has a pretax operating loss of $100,000 in its first year of operation. It expects to be profitable in future years. The tax rate is 25%. 8. Company E (in a previous problem) has subsequently determined that income will not be sufficient to take advantage of any of the NOL in the future Step by Step Solution
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