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Determine how much of sunny nols can be used in 2017

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Reference no: EM133354143

Question: JH Corporation acquires Sunny corporation for $100 cash on January 1, 2017. Sunny has $200 of NOLs from its pre-acquisition filings. The long-term tax-exempt rate for January 2017 is 4%. Determine how much of Sunny's NOLs can be used in 2017.

Reference no: EM133354143

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