Question: The journal entry in a year with Net Operation Loss would include a debit to: A. income tax receivable and a credit to benefit due

The journal entry in a year with Net Operation Loss would include a debit to:

A. income tax receivable and a credit to benefit due to carry forward for the amount of the benefit

B. deferred tax asset and a credit to benefit due to carry forward for the amount of the benefit

C. benefit due to carry forward and a credit to income tax receivable for the amount of the benefit

D. benefit due to carry forward and a credit to deferred tax asset for the amount of the benefit

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