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The pretax financial income (or loss) figures for Johnson Company are as follows. 2012 2013 2014 2015 2016 2017 2018 $160,000 250,000 80,000 (160,000) (380,000)
The pretax financial income (or loss) figures for Johnson Company are as follows. 2012 2013 2014 2015 2016 2017 2018 $160,000 250,000 80,000 (160,000) (380,000) 120,000 100,000 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Create a Tabl to show how the net operating loss carrybacks and carryforwards for 2015 & 2016 will affect the Taxable income assuming the company uses the carryback provision. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary.) Whats the Net Taxabl Income for 2013, 2014, 2015 and Loss Carry forward if any
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