Business, 19.04.2021 16:00, liliana74

In the last example, we determined that Delta has a DTA of $35,000 related to the $100,000 NOL in 2015. In 2016, it decides to apply (use up) the DTA (carryforward). The company has book income of $200,000. No book/tax differences. So, Delta reports taxable income of $200,000 before considering the effect of its NOL. How much is I. T. payable for 2016

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In the last example, we determined that Delta has a DTA of $35,000 related to the $100,000 NOL in 20...