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When a company has negative taxable income in a period that results in a net operating loss and the company follows the net operating loss

When a company has negative taxable income in a period that results in a net operating loss and the company follows the net operating loss carryforward method, they will initially record a(n): Select one: a. Loss on income taxes b. Deferred tax asset c. Deferred tax liability d. Valuation allowance for a deferred tax asset

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