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Toner Corporation computed the following: Year 1 taxable income,$10,000; Year 2 taxable loss, $( 40,000). At the end of Year 2,Toner made the following estimates:

Toner Corporation computed the following: Year 1 taxable income,$10,000; Year 2 taxable loss, $( 40,000). At the end of Year 2,Toner made the following estimates: Year 3 taxable income, $4,000;Year 2 answers

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