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Puritan Corp. reported the following pretax accounting income and taxable income for its first three years of operations: $ 353,000 2017 2018 (546,000) 757,000 2019

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Puritan Corp. reported the following pretax accounting income and taxable income for its first three years of operations: $ 353,000 2017 2018 (546,000) 757,000 2019 Puritan's tax rate is 31 % for all years. Puritan elected a loss carryback. As of December 31, 2018. Puritan was certain that it would recover the full tax benefit of the NOL that remained after the operating loss carryback. What would Puritan report as net income for 2019? Multiple Choice $595,078. $161,932. Puritan's tax rate is 31 % for all years. Puritan elected a loss carryback. As of December 31, 2018. Puritan was certain that it would recover the full tax benefit of the NOL that remained after the operating loss carryback. What would Puritan report as net income for 2019? Multiple Choice $595,078. unt $161,932. $598,570 $522.330. Resu

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