2. in DEC 11 Q 1, at the page of 16. the answer process the W5. how to get the number of 38470? and I think that in the second year, the taxable profit should be 7 not 0?
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P4 DEC 11
11y ago#1There was a loss in the first year of 22201. This loss is used to reduce the profit of 7 in the second year to zero, and the remainder of the loss (22194) then reduces the third years taxable profit.
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