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    Intermediate Accounting Reporting and Analysis
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    Exam 18: Accounting for Income Taxes
  5. Question
    It Is More Likely That a Corporation Will Not Need
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It Is More Likely That a Corporation Will Not Need

Question 10

Question 10

True/False

It is more likely that a corporation will not need a valuation allowance for a deferred tax asset related to an operating loss carryforward if the operating loss itself provides negative evidence to the likelihood of future taxable income.

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