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Once a Deferred Benefit of a Tax Loss Carry Forward

question 54

Essay

Once a deferred benefit of a tax loss carry forward has been recorded, does it have to remain on the
balance sheet until realized? Explain.


Definitions:

Kruskal-Wallis Test

A nonparametric statistical test used to compare three or more groups or samples that do not meet the assumption of normality.

Left-tailed Wilcoxon Rank Sum Test

A nonparametric test used to assess whether one of two groups of independent samples tends to have lower values than the other.

Test Statistic

A calculated value from sample data used to test a hypothesis against a null hypothesis.

Independent Samples

Two or more groups of samples that are collected from separate populations and are not related or paired in any way.

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