A Tax Benefit Represents the Present and Deferred Benefit That

question 51

True/False

A tax benefit represents the present and deferred benefit that the company will be able to realize from the tax loss through a reduction of income taxes paid to governments.

---

Definitions:

Acceptability

The degree to which a product, idea, or behavior is perceived as suitable or appropriate by others.

Learning Goal Orientation

A mindset focused on developing competence and mastering new skills, as opposed to proving competence or comparing oneself to others.

Performance-Prove Orientation

A focus or attitude where individuals are driven to demonstrate their competencies and skills in order to be positively evaluated by others.

Performance-Avoid Orientation

A focus on avoiding tasks due to fear of failure, leading to a tendency to sidestep challenges to prevent a poor performance evaluation.