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Paolo Corp. generated the following income /(loss) since its 2019 inception: If Paolo...

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Accounting

Paolo Corp. generated the following income /(loss) since its 2019 inception:
If Paolo generates $4,000 of income in 2023, what is the NOL carryforward to 2024?
a. $800
b. $16,800
c. $3,200
d. $20,000
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