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Problem 16-42 (LO 16-2) Cedar Corporation reported a net operating loss in 2019 of $25,000,000. In 2020, Cedar reported taxable income before any NOL carryovers

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Problem 16-42 (LO 16-2) Cedar Corporation reported a net operating loss in 2019 of $25,000,000. In 2020, Cedar reported taxable income before any NOL carryovers of $20,000,000. What is Cedar's taxable income in 2020 and any NOL carryover to 2021? Cedar's taxable income in 2020 NOL carryover to 2021

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