Examlex
If a taxpayer has a net operating loss (NOL) in 2015 of $20,000,of which $8,000 is attributable to a theft of rental use property,the taxpayer may:
Income Statement
A financial statement that shows a company's revenue and expenses over a specific time period, concluding with the net profit or loss.
Operating Activities
Business activities related to daily operations, such as selling goods and services, which affect the cash flow of a company.
Cash Inflow
The receipt of cash or cash equivalents into a business from various sources, such as sales, financing, or investments.
Indirect Method
A cash flow statement preparation method that adjusts net income for non-cash transactions and changes in working capital to calculate cash flow from operating activities.
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