financial income and/or permanent and temporary differences in your
organization or an organization that you are familiar with?
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ACC 423 Week 3 Discussion Question 2
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How are the tax benefits of net operating losses (NOL) disclosed on
financial statements? Which is more beneficial to an organization, an
NOL carryforward or an NOL carryback? Explain why. What
experience do you have with NOL in your organization or an
organization that you are familiar with? When would a company
decide to forego a NOL carryback?
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ACC 423 Week 3 DQ (New)
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Why are there between taxable and financial income? What are some
example of payment and temporary differences? Why do these
differences exist? How do they affect financial statements.”
“How they deferred tax assets and deferred tax liabilities derived?
How do they relate to the difference between tax expenses and tax
payable? How could an organization have a tax receivable? Why is
tax expenses reported on the income statement comprised of current
and deferred tax?”
How are the tax benefits of net operating losses (NOL) disclosed on
financial statements? Which is more beneficial to the organization, an
NOL carryforward or NOL carryback? Why. When would a company
decide to forego on carryback?
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