Tax effect of a net operation loss, Accounting Basics

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Tax effect of a net operation loss

The tax effect of a net operation loss (NOL) carry back usually:

1. results in a current receivable at the end of the NOLyear

2. is subject to a valution allowance

3. is reflected as deferred tax asset at the end of the NOLyear

4. Is reflected as a deferred tax liability at the end of theNOL year

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Accounting Basics: Tax effect of a net operation loss

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Accounting Basics: Tax effect of a net operation loss

Reference No:- TGS0555408

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Recent Questions Asked Accounting Basics

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Accounting Basics: Tax effect of a net operation loss

Reference No:- TGS0555408

Recent Questions Asked Accounting Basics

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