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Unformatted text preview: results of 2011 operations are known). (a) What are the entries in 2010 to record the tax loss carryforward? (b) What entries would be made in 2011 to record the current and deferred income taxes and to recognize the loss carryforward? (Assume that at the end of 2011 it is more likely than not that the deferred tax asset will be realized.)...
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This note was uploaded on 03/25/2012 for the course ACCOUNTING 20 taught by Professor Robinson during the Spring '09 term at UC Riverside.
- Spring '09