The benefit of future deductible amounts can be achieved only if future income is sufficient to take

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The benefit of future deductible amounts can be achieved only if future income is sufficient to take advantage of the deferred deductions. For that reason, not all deferred tax assets will ultimately be realized. How is this possibility reflected in the way we recognize deferred tax assets?

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Intermediate Accounting

ISBN: 9780077282073

5th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Lawrence Tomassini

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