Once it is deemed that a potential benefit of a loss carry forward does not meet the more likely than not criteria, the benefit may not be recognized.

Question

Quizplus · Accepted Answer

If a potential benefit of a loss carry forward does not meet the "more likely than not" criteria initially, it can still be recognized in the future if circumstances change and it becomes more likely than not that the benefit will be realized.

Once It Is Deemed That a Potential Benefit of a Loss