During 2024, its first year of operations, Baginski Steel Corporation reported a net operating loss of $444,000 for financial reporting and tax purposes. The enacted tax rate is 25%. Required: 1. Prepare the journal entry to recognize the income tax benefit of the net operating loss. Assume the weight of available evidence suggests that future taxable income will be sufficient to benefit from future deductible amounts arising from the net operating loss carryforward. 2. Show the lower portion of the 2024 income statement that reports the income tax benefit of the net operating loss. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to recognize the income tax benefit of the net operating loss. Assume the weight of available evidence suggests that future taxable income will be sufficient to benefit from future deductible amounts arising from the net operating loss carryforward. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. View transaction list Journal entry worksheet 1 Record 2024 income tax benefit from operating loss. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry < Required 1 Debit Credit View general journal Required 2 > Show less A

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Q3) 3. The company will invest $150,000 in a project and average annual income $50,000. The investment will provide the following inflows:             Year Cash inflow 1 $ 25,000 2    45,000 3    30,000 4    50,000 5    70,000              Calculate: Net present value at 10% discount factor. Payback period

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I need help with questions 1 and 2

Ma1 . Who benefits most from Peace of Mind®? Complex return filers. EITC filers. Clients with refunds. All clients.

Can you simplify this please.

Can someone help me with the part b and c please?

Explain an example of external users.

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