ACC 302, easy. Q5 Shamrock Corporation had the following tax...
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Accounting
ACC 302, easy. Q5 
Shamrock Corporation had the following tax information. In 2026, Shamrock suffered a net operating loss of $537,600, which it elected to carryback. The 2026 enacted tax rate is 29%. Prepare Shamrock's entry to record the effect of the loss carryback. (List debit entry before credit entry, Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter ofor the amounts.)
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