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Cedar Corporation reported a net operating loss in 2018 of $25,000,000. In 2019, Cedar reported taxable...

Cedar Corporation reported a net operating loss in 2018 of $25,000,000. In 2019, Cedar reported taxable income before any NOL carryovers of $20,000,000. What is Cedar’s taxable income in 2019 and any NOL carryover to 2020?

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