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elena55 [62]
3 years ago
8

Are expressions many things and culture how does the images of American flag being placed at Leo Jim’s after the most infamous b

attle in the pacific during WW11 use symbolism to commemorate document and narrate an event in history
Arts
1 answer:
earnstyle [38]3 years ago
8 0
It is true that <span>the expressions many things and culture how does the images of American flag being placed at Leo Jim’s after the most infamous battle in the pacific during WW11 use symbolism to commemorate document and narrate an event in history.</span>
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Marigold Inc. incurred a net operating loss of $482,000 in 2020. The tax rate for all years is 20%. Assume that it is more likel
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The journal entry for Marigold Inc. at the end of 2017 to record carryback is as follows:

<h3>Journal Entry:</h3>

Debit Income Taxes Receivable $72,000

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<h3>Data and Calculations:</h3>

Operating loss in 2017 = $482,000

Combined income for 2015 and 2016 = $360,000

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Tax expenses for 2015 and 2016 = $72,000 ($360,000 x 20%)

<h3>Complete Question:</h3>

Marigold Inc. incurred a net operating loss of $482,000 in 2017. The combined income for 2015 and 2016 was $360,000. The tax rate for all years is 20%. Marigold elects the carryback option. Assume that it is more likely than not that the entire net operating loss carryforward will not be realized in future years.

Prepare the journal entry at the end of 2017 to record carryback.

Learn more about carryback loss at brainly.com/question/20722374

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