Business, 14.02.2020 17:18 joejoefofana

Carla Vista Co. reports a taxable and pretax financial loss of $850000 for 2018. Carla Vista's taxable and pretax financial income and tax rates for the last two years were: 2016 $850000 30% 2017 $850000 35% The amount that Carla Vista should report as an income tax refund receivable in 2018, assuming that it uses the carryback provisions and that the tax rate is 40% in 2018, is
$297500.
$340000.
$255000.
$382500.

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Carla Vista Co. reports a taxable and pretax financial loss of $850000 for 2018. Carla Vista's taxab...