Answer:
$450,000
Explanation:
Theodore Enterprises had the following pretax income (loss) over its first three years of operations:
2016 $ 500,000
2017 (900,000 )
2018 1,500,000
For each year there were no deferred income taxes and the tax rate was 30%. In its 2017 tax return, Theodore elected a net operating loss carryback. No valuation account was deemed necessary for the deferred tax asset as of December 31, 2017.
Therefore Theodore's income tax expense for 2018 is 30% x 1,500,000 = $450,000
Loss carry back is when a business elects to net off losses against a previous year's return as opposed to loss carry forward which is the future years' return.
Closed-end type of fund the prices determined by factors of supply and demand like the prices of a stock.
A stock is a colloquial phrase for any company's ownership certificates. On the other hand, a share alludes to a certain company's stock certificate. You become a shareholder if you possess shares of a specific corporation. There are two categories of stocks: ordinary and preferred.
There are two sorts of stocks: ordinary and preferred. The distinction is that whereas the owner of the former can exercise voting rights in company decisions, the latter does not. However, before any dividends are paid to other shareholders, preferred shareholders have a legal right to a specific amount of dividend payments.
Additionally, there is a thing known as "convertible preferred stock." Essentially, this is a preferred stock with the option to convert at any point after a set date into a predetermined number of common shares.
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Therefore, more than half of all recent college graduates are currently unemployed or in jobs that do not require a college degree. college tuition has almost doubled in the last twenty years and more than half of all recent college graduates are unemployed and others are in jobs that do not require a college you have to finish high school to go to college
