Fox co. reported the following operating income (loss) for its first three years of operations: year 1 $ 300,000 year 2 (700,000) year 3 1,200,000 for each year, there were no deferred income taxes, and fox’s effective income tax rate was 30%. in its year 2 income tax return, fox elected to carry back the maximum amount of loss possible. additionally, there was more negative evidence than positive evidence concerning profitability for fox in year 3. in its year 3 income statement, what amount should fox report as total income tax expense?

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position