Allowing a Net Operating Loss NOL) Carryforward Can Be Justified

question 34

Multiple Choice

Allowing a net operating loss NOL) carryforward can be justified:

• A) As mitigating the effect of the annual accounting period concept.
• B) By economic considerations.
• C) As promoting administrative feasibility.
• D) Based on the wherewithal to pay concept.
• E) By none of these.

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