ACC 423 Week 3 DQ 2

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How are the tax benefits of net operating losses (NOL) disclosed on financial statements? Which is more beneficial to an organization, an NOL carryforward or an NOL carryback? Explain why. What experience do you have with NOL in your organization or an organization that you are familiar with?  When would a company decide to forego a NOL carryback?

                              
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