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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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