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02-01-2023
Business

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Labrador corp. reports a net operating loss of $100,000 during its first year of operations. the company is subject to a tax rate of 30%. management expects that taxable income will more likely than not be $50,000 during year 2 and $80,000 during year 3. what is the amount of the deferred tax asset that will be recognized at the end of year 1

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