Question: 3 ) During 2 0 2 2 , its first year of operations, Timothy Inc. reported a net operating loss of $ 4 , 0

3) During 2022, its first year of operations, Timothy Inc. reported a net operating loss of $4,000 for financial reporting and tax purposes. The enacted tax rate is 25%. In its 2022 income (loss) statement, Timothy will report a net loss of:
a) $5,000.
b) $3,000.
C) $2,000.
d) $1,000.

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