Question: Alpha Company reported a net operating loss in 2 0 2 0 . All of the 2 0 2 0 loss can be carried forward

Alpha Company reported a net operating loss in 2020. All of the 2020 loss can be carried forward to offset future income tax liability. How should the carryforward be presented in the company's 2020 financial statements?
As an extraordinary item in the income statement
As a reduction in the operating loss on the income statement for the year 2021
As the correction of an error in the retained earnings statement
As a revenue from operations in the income statement
Alpha Company reported a net operating loss in 2020. All of

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