Question: Question 25 4 pts In 2018, Python Enterprises had a net operating loss (NOL) of $300,000. Because Python's tax rate is 25%, Python recorded a
Question 25 4 pts In 2018, Python Enterprises had a net operating loss (NOL) of $300,000. Because Python's tax rate is 25%, Python recorded a deferred tax asset at the end of 2018 of $75,000. In 2019. Python had taxable income (before applying any NOL carryforward) of $120,000. Calculate the amount of the deferred tax asset left at the end of 2019 relating to this NOL
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