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Determine the remaining carry-forward

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Question - The Stayner Company experienced an operating loss of $4,100,000 in 2015. Taxable income figures for recent years are given below.

 

2012

2013

2014

2015

2016

2017

2018

Taxable income ($000)

$116

$140

$168

($600)

$40

$40

$40

Determine the remaining carry-forward if the firm can maximize its tax refunds.

Reference no: EM132608738

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