Use the following information for questions.
Wilcox Corporation reported the following results for its first three years of operation:

There were no permanent or temporary differences during these three years.Assume a corporate tax rate of 30% for 2010 and 2011, and 40% for 2012.
-Assuming that Wilcox elects to use the carryforward provision and not the carryback provision, what income (loss) is reported in 2011?

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Use the following information for questions.
Wilcox Corporation reported the following results for its first three years of operation:
  
There were no permanent or temporary differences during these three years.Assume a corporate tax rate of 30% for 2010 and 2011, and 40% for 2012.
-Assuming that Wilcox elects to use the carryforward provision and not the carryback provision, what income (loss) is reported in 2011?

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The Answer of Use the following information for questions.
Wilcox Corporation reported the following results for its first three years of operation:
  
There were no permanent or temporary differences during these three years.Assume a corporate tax rate of 30% for 2010 and 2011, and 40% for 2012.
-Assuming that Wilcox elects to use the carryforward provision and not the carryback provision, what income (loss) is reported in 2011?

Use the Following Information for Questions