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Q 19: Accounting for Income Tax & NOL Homework. Unanswered Big Box Inc. reported a net operating loss of ($ 150) for the year ended

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Q 19: Accounting for Income Tax & NOL Homework. Unanswered Big Box Inc. reported a net operating loss of ($ 150) for the year ended 12/31/2018. Their business had a bit of a turnaround in 2019 and they had a profitable year. As the accountants worked through year-end, they calculated Big Box had taxable income of $100. They company's corporate tax rate is 30%. Based on this information, what is Big Box's taxes payable for 2019? O A $0 OB $30 O c $15 o o 56 O E $20 Q 20: Accounting for Income Tax and NOL Homework Unanswered Big Box Inc. reported a net operating loss of ($ 150) for the year ended 12/31/2018. Their business had a bit of a turnaround in 2019 and they had a profitable year. As the accountants worked through year-end, they calculated Big Box had taxable income of $100. They company's corporate tax rate is 30%. How many more years can Big Box carry forward this net operating loss after 2019? O A 19 o B 2 Indefinitely O D 49 O E 99

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