Difference between a tax refund and a tax benefit
refund and a tax benefit?
b) What are the chances that a company will have 20 years of
losses to actually use a loss carryforward (and still be in business)? How do
accounting principles support holding an asset in the balance for this long?
c) There are situations where using the carryforward (even
when carryback is available) makes more sense. What role does anticipated or
known future tax rates play in the decision?
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