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Business, 18.03.2021 22:40 samueltaye
Clinton Corp. operates in an industry for which NOL carryback is not allowed, and had the following pretax income (loss) over its first three years of operations 2019 $ 1,200,000 2020 (900,000 ) 2021 1,500,000 For each year there were no deferred income taxes and the tax rate was 25%. No valuation account was deemed necessary for the deferred tax asset as of December 31, 2020. What was Clinton's income tax expense in 2021
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Clinton Corp. operates in an industry for which NOL carryback is not allowed, and had the following...
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