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what this mean Based on your discussions with management and their forecasts for the next few years, Dunes & Driftwood's tax experts have determined that
what this mean
Based on your discussions with management and their forecasts for the next few years, Dunes \& Driftwood's tax experts have determined that they are comfortable with estimating that 65% of the tax benefit is likely to be realized. An adjustment is needed to record a valuation allowance to offset the NOL tax asset, in accordance with ASC 740-1030-5Step by Step Solution
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