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Digital Provenance
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Publisher
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Transcription
z Statements were also prepared for the years 1946 and and 1947 in order to show the effect of applying the carry-forward loss from 1944 and 1945 to 1946. A carry-forward loss was not required for 1947 since the net income resulted in a deficit* It will be noted that after completing the restatement of income and expense, together with giving effect to the carry-back and carry-forward privileges, there is no net income for any of these six years. R. M. SUTTON^ Enel
