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Business, 19.10.2019 03:30 jashart95

The graves corporation was incorporated in 2018 and incurred a net op-erating loss of $35,000. the company’s operating income in 2019 was $47,000. because of a downturn in the local economy, the company suffers a net operating loss of $21,000 in 2020. what is the treatment of the 2020 loss? how would your answer change if graves were an s corporation?

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