When a company does not expect to use the full amount of carry Fords, it...
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When a company does not expect to use the full amount of carry Fords, it must record a valuation allowance to reduce the deferred tax asset, not elect the carry Ford option report the deferred tax asset at its full amount and disclose the expected realization amount in the notes to the financial statementsor record the deferred tax at the amount of expected future savings
When a company does not expect to use the full amount of carry Fords, it must record a valuation allowance to reduce the deferred tax asset, not elect the carry Ford option report the deferred tax asset at its full amount and disclose the expected realization amount in the notes to the financial statementsor record the deferred tax at the amount of expected future savings
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