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Home Q & A Board Other Fields Homework Help Business Accounting
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hh360 hh360
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5 years ago
All of the following are true regarding loss carry forwards except:
A) the probability of realization needs to be greater than 50%
B) the carry forward benefit is set up on the balance sheet
C) management may choose not to set up the benefit
D) any deferred income tax benefit set up should not be subsequently written down
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
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domanicdomanic
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5 years ago
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hh360 Author
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#2
5 years ago
Electric Light Bulb Correct, thanks!
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