It Is More Likely That a Corporation Will Not Need

question 10

True/False

It is more likely that a corporation will not need a valuation allowance for a deferred tax asset related to an operating loss carryforward if the operating loss itself provides negative evidence to the likelihood of future taxable income.

---

Definitions:

Negotiation Gap

The difference between the initial positions or demands of negotiating parties, which needs to be bridged to reach an agreement.

Conflict

A disagreement or dispute between parties resulting from opposing interests, values, or needs, which can occur at various levels of interaction.

Competitive

Having a strong desire to be more successful than others, often characterized by strategies aimed at winning or achieving superiority.

Cooperative

An organization or system operated and owned by a group of individuals for their mutual benefit, focusing on shared goals or interests.