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Which of the following is true regarding corporate taxes? a. The tax liability in the year of a loss is equal to the loss times

Which of the following is true regarding corporate taxes?

a.

The tax liability in the year of a loss is equal to the loss times the future tax rate

b.

Up to 80% of the NOL can be offset by future income indefinitely

c.

Permanent differences do not impact deferred tax assets or deferred tax liabilities

d.

None of the above

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