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Question 13 Operating income and tax rates for Sunland Company's first three years of operations were as follows: Enacted tax Income 2017 2018 2019 $460000
Question 13 Operating income and tax rates for Sunland Company's first three years of operations were as follows: Enacted tax Income 2017 2018 2019 $460000 ($1060000) $1740000 rate 3596 30% 40% Assuming that Sunland Company opts to carryback its 2018 NOL, what is the amount of income taxes payable at December 31, 2019? $456000 O $696000 $399000 O $272000 Click if you would like to Show Work for this question: Open Show Work
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