Trey, Inc. reports a taxable loss of 5210.000 for 2022. Its taxable income for the last two years was as follows: 2020 2021 $60.000 80,000 Trey expects tavable income in future years and has a tax rate of 30% for all periods affected. The amount that Trey, Inc. reports as a net loss for Inancal reporting purposes in 2022 is Seect one 74 ST0.000 loss 04S108000 loss OL 142000 loss 14 STODO0 loss O.210000 loss

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Trey, Inc. reports a taxable loss of 5210.000 for 2022. Its taxable income for the last two years was as föllows:
2020
2021
$60,000
80,000
Trey expects tavable income in future years and has a tax rate of 30% for all periods affected. The amount that Trey, Inc. reports as a net loss for
Inardal reporting purposes in 2022 is:
Seet one
74 ST00000 loss
0 S108000 loss
OL 147000 loss
04 ST0000 loss
O210000 loss
Transcribed Image Text:Trey, Inc. reports a taxable loss of 5210.000 for 2022. Its taxable income for the last two years was as föllows: 2020 2021 $60,000 80,000 Trey expects tavable income in future years and has a tax rate of 30% for all periods affected. The amount that Trey, Inc. reports as a net loss for Inardal reporting purposes in 2022 is: Seet one 74 ST00000 loss 0 S108000 loss OL 147000 loss 04 ST0000 loss O210000 loss
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