The Following Information for JMR Corporation Is Available: JMR

question 46

Multiple Choice

The following information for JMR Corporation is available: JMR applies its tax losses sequentially,that is,tax losses are carried back as far as possible.The taxes recovered for the year ended 2014 amounted to:

• A) $150,000.
• B) $0.
• C) $48,100.
• D) $43,750.

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