Fore Farms reported a pretax operating loss of $240 million for financial reporting purposes in 2021. Contributing to the loss were (a) a penalty of $16 million assessed by the Environmental Protection Agency for violation of a federal law and paid in 2021 and (b) an estimated loss of $20 million from accruing a loss contingency. The loss will be tax deductible when paid in 2022. The enacted tax rate is 25%. There were no temporary differences at the beginning of the year and none originating in 2021 other than those described above. Required: 1. Prepare the journal entry to recognize the income tax benefit of the net operating loss in 2021. 2. What is the net operating loss reported in 2021 income statement? 3. Prepare the journal entry to record income taxes in 2022 assuming pretax accounting income is $255 million. No additional temporary differences originate in 2022.

answer: the proof is mentioned below.

step-by-step explanation:

since, given:   lines bc = ef

prove:   lines ac > ef

          statements                                           reason

1. bc=ef                                           1. given

2. ac= ab+bc                                 2. because b is the point between the  

                                                            line segment ac

3.   ac > bc                                       3. because if a line segment is equal to

                                                          the sum of two line segments then it is

                                                          always greater then each of these

                                                          individual line segments

4. ac > ef                                         4. by equality property.

answer: (x+2) (x+3) are the binomials for your question : )