Net operating loss (NOL) tax benefit   ( Solve the question based


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Net operating loss (NOL) tax benefit  (Solve the question based on the information and journal entries given)

  1. State the identified accounting issue. (accounting related question)
  2. Identify the accounting rule(s) that pertain(s) to the issue(s).
  3. Explain in your own words the accounting rule(s) and treatment of the issue. 

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