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Rodd Co. reports a taxable and pretax financial loss of $900,000 for 2015. Rodd's taxable and pretax financial income, and tax rates for the last

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Rodd Co. reports a taxable and pretax financial loss of $900,000 for 2015. Rodd's taxable and pretax financial income, and tax rates for the last two years were: The amount that Rodd should report as an income tax refund receivable in 2015, assuming that it uses the carryback provisions and that the tax rate is 35% in 2015, is $240,000 $280,000. $320,000 $360,000 Rodd Co. reports a taxable and pretax financial loss of $900,000 for 2015. Rodd's taxable and pretax financial income, and tax rates for the last two years were: The amount that Rodd should report as an income tax refund receivable in 2015, assuming that it uses the carryback provisions and that the tax rate is 35% in 2015, is $240,000 $280,000. $320,000 $360,000

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