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The income tax benefit of an operating loss carryforward reduces the tax expense reported in the income statement: Multiple Choice Unless it's more likely than
The income tax benefit of an operating loss carryforward reduces the tax expense reported in the income statement: Multiple Choice Unless it's more likely than not that the future tax savings will not be realized. Unless there is no taxable income in the two previous years. When the loss year is the company's first year of operations. Always
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