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show work pls NOL Carryforward MeHenry reported the following pretax financial income (loss) for the years 2020-2022. Pretax financial income (loss) and taxable income (loss)
show work pls NOL Carryforward MeHenry reported the following pretax financial income (loss) for the years 2020-2022. Pretax financial income (loss) and taxable income (loss) were the same for all years involved. The enacted tax rate for 2020-2022 was 20\%. Instructions: Prepare the journal entries for the years 2020-2022 to record income tax expense, income taxes payable, and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-half of the benefits of the loss carryforward will not be realized
show work pls
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