The following data represents the complete taxable income history for a firm: What is the amount of the Deferred Tax Asset - carry forward to be recognized on the 2015 statement of financial position at the end of 2015,assuming that the more likely than not criteria has been met,and that the tax rate is expected to remain at 40% for the foreseeable future?

Question

The following data represents the complete taxable income history for a firm:  What is the amount of the Deferred Tax Asset - carry forward to be recognized on the 2015 statement of financial position at the end of 2015,assuming that the more likely than not criteria has been met,and that the tax rate is expected to remain at 40% for the foreseeable future?

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The Answer of The following data represents the complete taxable income history for a firm:  What is the amount of the Deferred Tax Asset - carry forward to be recognized on the 2015 statement of financial position at the end of 2015,assuming that the more likely than not criteria has been met,and that the tax rate is expected to remain at 40% for the foreseeable future?

The Following Data Represents the Complete Taxable Income History for a Firm