Briefly summarize the GAAP for the financial reporting of operating loss carrybacks and carryforwards.

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Briefly summarize the GAAP for the financial reporting of operating loss carrybacks and carryforwards.

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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