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Business, 05.05.2020 16:20 eddyreynoso5025

Alpha company reported positive net income in year 1 and year 2 before sustaining a significant loss in year 3. all of the year 3 loss can be carried back against the income of years 1 and 2 for purposes of determining the company's year 3 income tax liability. how should the carryback be presented int he company's year 3 financial statements?

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Alpha company reported positive net income in year 1 and year 2 before sustaining a significant loss...

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