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XYZ, Inc. has an NOL of 53,000 in 2021. How will the tax carry forward be reflected in the financial statements? What if 2022 pretax

XYZ, Inc. has an NOL of 53,000 in 2021. How will the tax carry forward be reflected in the financial statements?

What if 2022 pretax book and tax income is $60,000? How will this be reflected in the financial statements?

What would the 2022 income statement look like?

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