WCC Corporation has a $140,000 net operating loss carryover to 2023 from a previous year....
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Accounting
WCC Corporation has a $ net operating loss carryover to from a previous year. Assume that it reported $ of taxable income in before the net operating loss deduction and $ of taxable income in before the net operating loss deduction
Note: Leave no answer blank. Enter zero if applicable.
b What is WCCs taxable income in and after the net operating loss deduction assuming the $NOL carryover originated in and WCC elected to forgo the NOL carry back option?
Answer is complete but not entirely correct.
tableYearTaxableIncome
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