{"id":785,"date":"2017-06-21T09:05:55","date_gmt":"2017-06-21T09:05:55","guid":{"rendered":"https:\/\/typedessays.com\/prepare-conlin-entry-to-record-effect-of-the-loss-carrback\/"},"modified":"2017-06-21T09:05:55","modified_gmt":"2017-06-21T09:05:55","slug":"prepare-conlin-entry-to-record-effect-of-the-loss-carrback","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/prepare-conlin-entry-to-record-effect-of-the-loss-carrback\/","title":{"rendered":"Prepare conlin entry to record effect of the loss carrback"},"content":{"rendered":"<p>Conlin Corporation had the following tax information<\/p>\n<p>Year Taxable Income Tax Rate Taxes Paid<br \/>\n2010 $300,000 35% $105,000<br \/>\n2011 $325,000 30% $97,500<br \/>\n2012 $400,000 30% $120,000<\/p>\n<p>In 2013 Conlin suffered a net operating loss of $491,700, which it elected to carry back. The 2013 enacted tax rate is 29%. Prepare Conlin&#8217;s entry to record the effect of the loss carryback.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conlin Corporation had the following tax information Year Taxable Income Tax Rate Taxes Paid 2010 $300,000 35% $105,000 2011 $325,000 30% $97,500 2012 $400,000 30% $120,000 In 2013 Conlin suffered a net operating loss of $491,700, which it elected to <a href=\"https:\/\/www.benedictsol.com\/blogs\/prepare-conlin-entry-to-record-effect-of-the-loss-carrback\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-785","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=785"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/785\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}