Prepare conlins entry to record the effect of the loss
1. Conlin Corporation had the following tax information. In 2011 Conlin suffered a net operating loss of $480,000, which it elected to carry back. The 2011 enacted tax rate is 29%. Prepare Conlin's entry to record the effect of the loss carry back.
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1 conlin corporation had the following tax information in 2011 conlin suffered a net operating loss of 480000 which it
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