Difference between tax refund and tax benefit

Reference no: EM1363918

a) How would you describe the difference between a tax refund and a tax benefit?

b) What are the chances that a company will have 20 years of losses to actually use a loss carryforward (and still be in business)? How do accounting principles support holding an asset on the balance for this long?

c) There are situations where using the carryforward (even when carryback is available) makes more sense. What role do anticipated or known future tax rates play in the decision?

Reference no: EM1363918

Questions Cloud

What is the electric field vec e : What is the electric field vec E. What is force vec F on a -1.0 nC charge placed at the midpoint.

Informative and persuasive speeches : What are the differences between informative and persuasive speeches? Can an informative speech be persuasive? Can a persuasive speech be informative? Why or why not?

Policies causing problems for certain groups : Present one policy specifically targeted towards one group in society that created issues for other groups.

Convert table to 3nf and represent answer in dbdl : Convert the table to 3NF. Represent your answer in DBDL. (i.e. Give table name and fields. Underline the primary key. Draw an entity-relationship diagram showing all relationships.)

Difference between tax refund and tax benefit : What are the chances that a company will have 20 years of losses to actually use a loss carryforward (and still be in business)? How do accounting principles support holding an asset on the balance for this long?

Negotiation - coalitions and multiple parties : Compare and contrast the central route to influence vs. the peripheral route to influence. When is each appropriate? Give an example where you have seen or used each.

Find the magnitude of velocity of canoe relative to river : two students stand poised to leap off a high dive structure into teh swimming pool below. Student B is twice as massive as student A. Find the magnitude of velocity of canoe relative to river.

Role of financial manager in maximizing shareholder value : Discuss the role of the financial manager in maximizing shareholder value within today's financial markets and what would be the manager's viewpoint vs. an employee or stockholder viewpoint regarding maximizing share value?

Explain what does it mean to be a dynamic manager : Dynamic Managers - How to we balance these to opposing facts, and what does it mean to be a dynamic manager?

User Account

All Pages