Recognizing tax benefits in a loss year due to a net operating loss carryforward requires:

Name: Recognizing tax benefits in a loss year due to a net operating loss carryforward requires:
Brand: Quizplus
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Quizplus · Accepted Answer

Recognizing tax benefits in a loss year due to a net operating loss carryforward requires creating a deferred tax asset because it is an asset that represents the future tax benefits that a company will receive due to deductible temporary differences or in this case a net operating loss carryforward.

Recognizing Tax Benefits in a Loss Year Due to a Net