Advanced Accounting
Advanced Accounting
14th Edition
ISBN: 9781260247824
Author: Joe Ben Hoyle, Thomas F. Schaefer, Timothy S. Doupnik
Publisher: RENT MCG
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Chapter 7, Problem 12Q

Jones acquires Wilson, in part because the new subsidiary has an unused net operating loss carry-forward for tax purposes. How does this carryforward affect the consolidated figures at the acquisition date?

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Operating Loss Carryback and Carryforward; Author: SuperfastCPA;https://www.youtube.com/watch?v=XiYhgzSGDAk;License: Standard Youtube License