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which of the following reflects SFAS no. 109 position regarding tax- loss carryforwards? a....

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Accounting

which of the following reflects SFAS no. 109 position regarding tax- loss carryforwards?

a. tax-loss carryforward should not be recorded because future benefits are uncertain

b. any excess of the tax-loss carryforward over deferred tax liabilities should not be booked.

c. a tax-loss carryforward coming from an acquired corporation should not be recognized.

d. a tax-loss carryforward should be booked as an asset in most cases.

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