It is more likely that a corporation will not need a valuation allowance for a deferred tax asset related to an operating loss carryforward if the operating loss itself provides negative evidence to the likelihood of future taxable income.

Name: It is more likely that a corporation will not need a valuation allowance for a deferred tax asset related to an operating loss carryforward if the operating loss itself provides negative evidence to the likelihood of future taxable income.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is False

It Is More Likely That a Corporation Will Not Need