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  3. brief exercise 1912 conlin corporation had the follawing tax informatian...

Question: brief exercise 1912 conlin corporation had the follawing tax informatian...

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Brief Exercise 19-12 Conlin Corporation had the follawing tax informatian Taxable Income $300,000 325,000 400000 Tax Rate Year 2015 2016 2017 Taxes Paid $105,000 97,500 120,000 35% 30% 20% In 2019, Conlin suffered a net operating loss of 80,000, which it elected to carry back. The 2018 enacted tax rate is 29%. prepare conlins entry to record the effect the loss cam back Credit account titles are automatically indented when an ount s entered. Do not ident manually. If no entry is required, select No Entry for the account titles and enter 0 for the amounts. Account Titles and Explanation Debit Credit

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