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Which of the following statements about the NOL deduction is false? Multiple Choice O The deduction prevents the tax distortion that could result from an

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Which of the following statements about the NOL deduction is false? Multiple Choice O The deduction prevents the tax distortion that could result from an infexible one-year reporting period The deduction can reduce taxable income to zero in carryforward years. The deduction has value based on the NPV of its related tax savings None of these choices are false

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