Question
Avis Budget reports $4b in US Federal NOL carryforwards. What was the most likely change in the deferred tax asset (prior to any valuation allowance)
Avis Budget reports $4b in US Federal NOL carryforwards. What was the most likely change in the deferred tax asset (prior to any valuation allowance) as a result of the 2017 Tax Cut and Jobs Act?
Group of answer choices
Reduction in DTA of $560m
Reduction in DTA of $810m
No change. Avis still has the NOLs
Increase in DTL of $560m
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Understanding Government Finance
Authors: Brian Romanchuk
1st Edition
0994748051, 9780994748058
