The following information for LAS Corporation is available: LAS 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) $46,600.
B) $0.
C) $52,660.
D) $43,750.

Question

The following information for LAS Corporation is available:  LAS 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) $46,600. 
B) $0. 
C) $52,660. 
D) $43,750.

Quizplus · Accepted Answer

The Answer of The following information for LAS Corporation is available:  LAS 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) $46,600. 
B) $0. 
C) $52,660. 
D) $43,750.

The Following Information for LAS Corporation Is Available: LAS