Mind map
Chapter 16: Corporate Operations
Mind map: corporate operations book-tax differences and NOL
Map content
Chapter 16: Corporate Operations
Unfavorable book-tax difference
- Requires an add-back to book income to compute taxable income
Favorable book-tax difference
- Requires corporations to subtract the difference from book income in computing taxable income
Net operating loss (NOL) carryover
- Occurs when a NOL is carried forward to a future year
Net operating loss (NOL)
- The excess of deductions over gross income
Net operating loss (NOL) carryback
- Occurs when a NOL is carried back to a prior year
Information
- Description
- This is my mind map for BUS 420 Chapter 16.
- Created by
- Lucille Lamberson
- Views
- 46
- Tags
- Rating