Alpha company reported positive net income in year 1 and year 2 before sustaining a significant loss in year 3. all of the year 3 loss can be carried back against the income of years 1 and 2 for purposes of determining the company's year 3 income tax liability. how should the carryback be presented int he company's year 3 financial statements?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.