Micro, an accrual basis corporation, reported $516,100 net income before tax on its financial statements prepared...

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Micro, an accrual basis corporation, reported $516,100 net income before tax on its financial statements prepared in accordan

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Answer 1

Answer #1

Micro's Net Income Before Tax	$ 516,100
Sexual Harassment settlement and Legal fees	$ 76,000
Prepaid Royalty Income	$ -
Accrued Bonus expense	$ *
NOL carry forward deduction	$ (22,500)
Micro's Taxable Income	$ 569,500

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Answer 2

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Micro, an accrual basis corporation, reported $516,100 net income before tax on its financial statements prepared...

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Micro, an accrual basis corporation, reported $516,100 net income before tax on its financial statements prepared...

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Micro, an accrual basis corporation, reported $516,100 net income before tax on its financial statements prepared...

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