If Yellow Co. determines that it is more likely than not it will not realize...
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Accounting
If Yellow Co. determines that it is more likely than not it will not realize $10,000 of its NOL carryforward in future years, it should make a credit to which account?
a. Income Tax Expense
b. Deferred Tax Liability
c. Deferred Tax Asset
d. Allowance to Reduce Deferred Tax Asset to Expected Realizable Value
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