For financial accounting purposes, the future tax savings expected from a net operating loss carryforward is reported as a deferred tax liability.

Name: For financial accounting purposes, the future tax savings expected from a net operating loss carryforward is reported as a deferred tax liability.
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For financial accounting purposes, the future tax savings expected from a net operating loss carryforward is reported as a deferred tax asset, not a liability, because it represents future tax benefits.

For Financial Accounting Purposes, the Future Tax Savings Expected from a Net