Valuation allowance on the free cash flow forecast
Question: What are some of the positive and negative evidence used to establish the need for a valuation allowance for a tax loss carryforward and what are the effects of the valuation allowance on the free cash flow forecast?
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Combined amount recorded for the machines and tools are $17,000 MORE than the combined amounts recorded for the equipment and furniture.
Valuation allowance for a tax loss carryforward and what are the effects of the valuation allowance on the free cash flow forecast?
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