In 2013 bodily corporation reported 300000 pretax, Ask an Expert

Accounting

In 2013, Bodily Corporation reported $300,000 pretax accounting income. The income tax rate for that year was 30%. Bodily had an unused $120,000 net operating loss carryforward from 2011 when the tax rate was 40%. Bodily's income tax payable for 2013 would be ??

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Accounting Basics, Accounting

Category:- Accounting Basics
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