Examlex
An isosceles triangle is a triangle in which two sides are equal in length. The angle between the two equal sides is called the vertex angle, while the other two angles are called the base angles. If the vertex angle is 60°, what is the measure of the base angles?
Net Operating Loss
A period when a company's allowable tax deductions exceed its taxable income, potentially reducing future taxable income.
Deferred Income Taxes
Taxes that are payable in a future period due to temporary differences between financial accounting and tax reporting.
Net Income
The net income of a business, which remains after deducting all costs, taxes, and expenses from the gross revenue.
Deferred Tax Asset Account
An account on the balance sheet representing taxes paid or carried forward but not yet realized, which can be used to offset future tax liabilities.
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