The tax effect of a net operation loss (NOL) carrybackusually: 1. results in a current...
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Accounting
The tax effect of a net operation loss (NOL) carrybackusually: 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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