The tax effect of a net operation loss nol carry back, Ask an Expert

Accounting

The tax effect of a net operation loss (NOL) carry back usually:

1. results in a current receivable at the end of the NOLyear

2. is subject to a valution allowance

3. is reflected as deferred tax asset at the end of the NOLyear

4. Is reflected as a deferred tax liability at the end of theNOL year

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797439

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