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Blossom Inc, reported a taxable and accounting loss of $136800 for 2023 . Its pre-tax...

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Accounting

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Blossom Inc, reported a taxable and accounting loss of $136800 for 2023 . Its pre-tax accounting income for the preceding two years was as follows: Assuming that management wants to use the losses to carryback and recover previous income taxes paid, how much will Blossom receive as a refund based on a 25% tax rate for all years involved? $34200$36700$20850$136800 Blossom Inc, reported a taxable and accounting loss of $136800 for 2023 . Its pre-tax accounting income for the preceding two years was as follows: Assuming that management wants to use the losses to carryback and recover previous income taxes paid, how much will Blossom receive as a refund based on a 25% tax rate for all years involved? $34200$36700$20850$136800

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