A Possible Source of Taxable Income That May Be Available

question 114

True/False

A possible source of taxable income that may be available to realize a tax benefit for loss carryforwards is future reversals of existing taxable temporary differences.

---

Definitions:

Big Data

Big Data describes extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Volume

Refers to the quantity or amount of something, often used in the context of production, sales, or other measurements of scale.

Velocity

A measurement of both the speed and direction at which an object is moving.

Variety

The inclusion of different elements, features, or qualities within something, offering a range of choices or diversity.