- This topic has 1 reply, 2 voices, and was last updated 5 years, 3 months ago by .
-
Topic
-
Wingate Corporation had the following income and expenses for 2018:
Income from operations $70,000
Dividend income (from less-than-20%-owned domestic corporations) $45,000
Expenses of operation $90,000
2017 net operating loss carryover $5,000
What is Wingate Corporation’s taxable income for 2018?Gleim has the answer of taxable income (NOL) of $(2,500). How did they come up with a NOL? Shouldn’t it be zero?
AUD - 78
BEC - 78
FAR - 85
REG - 83So glad to have my life back!
Viewing 1 replies (of 1 total)
Viewing 1 replies (of 1 total)
- You must be logged in to reply to this topic.