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10) According to GAAP for accounting for income taxes, when a company has a net operating loss carryforward: A) A deferred tax liability is recognized.
10) According to GAAP for accounting for income taxes, when a company has a net operating loss carryforward:
A) A deferred tax liability is recognized.
B) A receivable is created.
C) A deferred tax equity account is created.
D) A deferred tax asset is recorded along with any applicable valuation allowance.
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