Prepare the journal entry to recognize the income tax
1. During its first year of operations, Nile.com reported an operating loss of $15 million for financial reporting and tax purposes. The enacted tax rate is 40%. Prepare the journal entry to recognize the income tax benefit of the operating loss.
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1 airparts corporation reported an operating loss of 25 million for financial reporting and tax purposes taxable income
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1 during its first year of operations nilecom reported an operating loss of 15 million for financial reporting and tax
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