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Price Enterprises has a loss carryforward amount of $ 6 0 0 , 0 0 0 and an income tax rate of 2 0 percent.
Price Enterprises has a loss carryforward amount of $ and an income tax rate of percent. Price has initially recorded a deferred tax asset to record the tax benefit associated with this loss carryforward. If Price they believes that it is more likely than not that they will not recognize any of the tax benefit from this, which of the following journal entries will they make?
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