Question
q 23 A net operating loss: Must always be carried back 2 years Occurs when a company reports a net loss in their incomestatement May
q 23
A net operating loss:
Must always be carried back 2 years | ||
Occurs when a company reports a net loss in their incomestatement | ||
May be carried back 2 years or carried forward up to 20years | ||
Must always be carried forward 20 years |
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
