NETFLIX Streaming Corp. reported a pretax book operating los…
NETFLIX Streaming Corp. reported a pretax book operating loss of $850 million in 2025. During 2025, NETFLIX recorded the following: $120 million from insurance that was purchased in 2025 but provides coverage for the next 2026 year $24 million in losses due to violations of the law that were recorded and paid in 2025. There were no other permanent or temporary differences. NETFLIX uses the carryforward method when calculating its taxes. The enacted tax rate is 30%. The balance of the deferred tax asset at the end of 2025 is