Business, 02.07.2019 05:10 sloane50

Dix, inc., a calendar-year corporation, reported the following operating income (loss) before income tax forits first three years of operations: 2011 $100,0002012 (200,000)2013 400,000there are no permanent or temporary differences between operating income (loss) for financial and income tax reporting purposes. when filing its 2012 tax return, dix did not elect to forego the carryback of its loss for 2012. assume a 40% tax rate for all years. what amount should dix report as its income tax liability at december 31, 2013? a. $ 60,000b. $ 80,000 c. $120,000d. $160,000

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Dix, inc., a calendar-year corporation, reported the following operating income (loss) before income...

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