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Q25 A net operating loss carryover that occurs in a company's second year of operations May cause a company to report a tax benefit in

Q25

A net operating loss carryover that occurs in a company's second year of operations

May cause a company to report a tax benefit in the current period income statement.

Has no effect on income tax expense of the current period because no taxes are paid.

Causes a company to report a deferred income tax liability for taxes that are not paid currently.

Results in future taxable amounts.

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