Recognition of tax benefits in a loss year due to a loss carryforward requires OA) the establishment of a deferred tax liability. B) only a note to the financial statements. C) the establishment of an income tax receivable. OD) the establishment of a deferred tax asset.

Recognition of tax benefits in a loss year due to a loss carryforward requires A) the establishment of a deferred tax liability. B) only a note to the financial statements. C) the establishment of an income tax receivable. D) the establishment of a deferred tax asset