Help Save & Exit Submit Check my work MWC Corp. is currently in the sixth...
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Help Save & Exit Submit Check my work MWC Corp. is currently in the sixth year of its existence (2019). In 2014-2018, it reported the following income and posses) (before net operating loss carryovers or carrybacks). 2014: 2015 20161 2017: 2018: 2019: $(86,000) (15,250) 61,250 152.000 (12,500) 350,000 a. What is MWC's 2019 taxable income after the NOL deduction? 2019 taxable income after the NOL deduction b. What is its 2019 book-tax difference associated with its NOL? Is it favorable or unfavorable? Is it permanent or temporary? Year Book-tax Favorable Temporary or Doronco n favorable Permanent 2019 Favorable Temporary
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