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Topic: Deferred Tax benefit (NOL) (

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ssham1976
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Joined: 12 Apr 2009
Location: United States
Online Status: Offline
Posts: 350

Posted: 14 May 2009 at 21:22 \| IP Logged

240000 is the correct answer - this is the total income tax expense that will be recognized in the income statement for 2008. **** note that if the losses were not there to carryback and foward then the TOTAL income tax expense will be 360000. very tricky question

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