The tax effect of a net operation loss nol carry back

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The tax effect of a net operation loss (NOL) carry back usually:

1. results in a current receivable at the end of the NOLyear

2. is subject to a valution allowance

3. is reflected as deferred tax asset at the end of the NOLyear

4. Is reflected as a deferred tax liability at the end of theNOL year

Reference no: EM13482263

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