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  3. Study Set
    Intermediate Accounting Reporting and Analysis
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    Exam 18: Accounting for Income Taxes
  5. Question
    If a Corporation Recognizes an Operating Loss Carryforward in the Year
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If a Corporation Recognizes an Operating Loss Carryforward in the Year

Question 66

Question 66

True/False

If a corporation recognizes an operating loss carryforward in the year of the loss, it is agreed that the corporation should deduct the tax benefit from its operating loss.

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