Deferred Tax ___
'Unearned Revenue' is typically an example of
DTA
A company would prefer to have a ____ (higher/lower) VA
lower VA
When book income is greater than taxable income a ___ is created
DTL
A heavily weighted piece of evidence
Three year cumulative losses
Changes in balance sheet accounts multiplied by ___ equals the DTA/DTL change
tax rate
"... more likely or not" is greater than ___%
50
Potential contributing factor for why Pepsi has a 'recapture of NOLs' in their DTLs (2 reasons)
resolution with the IRS & restructuring
Pepsi recorded a ____ (full or partial) VA for the NOLs generated from their restructuring in 2018
full VA