When a company carries forward a net operating loss (NOL), the income tax expense will be reduced in future years, but not income tax payable.

Name: When a company carries forward a net operating loss (NOL), the income tax expense will be reduced in future years, but not income tax payable.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

The Answer of When a company carries forward a net operating loss (NOL), the income tax expense will be reduced in future years, but not income tax payable.

When a Company Carries Forward a Net Operating Loss (NOL)