Net Operating Losses May Be Carried Forward Indefinitely

question 108

True/False

Net operating losses may be carried forward indefinitely.

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Definitions:

Period End Assets

The total value of all assets owned by a company at the end of a financial reporting period.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated for reporting and taxation purposes.

Cost of Goods Sold

Costs directly related to creating products that a company offers for sale.