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    Practical Financial Management Study Set 1
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    Exam 2: Financial Background: a Review of Accounting Financial Statements and Taxes
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    A Company Has a Loss of $15,000 This Year, a Profit
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A Company Has a Loss of $15,000 This Year, a Profit

Question 108

Question 108

True/False

A company has a loss of $15,000 this year, a profit of $3,000 last year, a profit of $8,000 two years ago, and another profit of $2,000 three years ago. It makes sense to file amended returns for the last three years.

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