Term
| What is a temporary differnce? |
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Definition
| A difference between pretax accounting income and taxable income. |
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Term
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Definition
| Result in taxable amounts in some future year(s) when the related assets are recovered or the related liabilities are settled. |
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Term
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Definition
| Result in deductible amounts in some future year(s) when the related assets are recovered or the related liabilities are settled. |
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Term
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Definition
| Tax-deductible expenses exceed taxable revenues. Negative taxable income. |
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Term
| How long is the carryforward on a NOL? |
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Definition
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Term
| How long is the carryback on a NOL? |
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Definition
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