Carol Garcia Corporation has pretax financial income (or loss) from 2020 through 2026 as follows....
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Carol Garcia Corporation has pretax financial income (or loss) from 2020 through 2026 as follows. Pretax financial income (loss) and taxable income (loss) were the same for all years since Garcia has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized. How should the income tax expense section of the income statement for 2022 appear? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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Carol Garcia Corporation has pretax financial income (or loss) from 2020 through 2026 as follows. Pretax financial income (loss) and taxable income (loss) were the same for all years since Garcia has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized. How should the income tax expense section of the income statement for 2022 appear? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 