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Trey, Inc. reports a taxable loss of $210,000 for 2021. Its taxable income for the last two years was as follows: 2019 2020 $60,000
Trey, Inc. reports a taxable loss of $210,000 for 2021. Its taxable income for the last two years was as follows: 2019 2020 $60,000 80,000 Trey's taxable income in future years is not likely; the tax rate is 30% for all periods affected. The amount that Trey, Inc. reports as a net loss for financial reporting purposes in 2021 is: Select one: O a. $189,000 loss O b. $168,000 loss Oc. $147,000 loss: Od. $70,000 loss Oe. $210,000 loss
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