Effect of the valuation allowance
Question: Discuss some of the positive and negative evidence used to establish the need for a valuation allowance for a tax loss carryforward. Also, indicate the effect of the valuation allowance on the free cash flow forecast.
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Choose one of two statements below and construct an argument supporting your position:
Also, indicate the effect of the valuation allowance on the free cash flow forecast.
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By how many shares will the assumed exercise of these options increase the weighted-a" number of shares outstanding when calculating diluted earnings per share?
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