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  3. in its first taxable year, platform, inc. generate

In its first taxable year, Platform, Inc. generated a $100,000 net operating loss and made...

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Question

Accounting

In its first taxable year, Platform, Inc. generated a $100,000 net operating loss and made a

$10,000 cash donation to a local charity. In its second year, Platform generated $350,000

operating income and made a $20,000 donation to the same charity. Compute Platform's taxable

income for its second year.

A) $225,000

B) $235,000

C) $320,000

D) $230,000

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