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Replies to post #457329 on Anavex Life Sciences Corp (AVXL)
georgejjl
04/22/24 3:02 AM
#457330 RE: Steady_T #457329
Corporations that lose money in a given year (and have no taxable income) have the right to use that loss in future years at the risk of oversimplification. Because of their value in reducing future tax bills, these accumulated losses are recorded on the balance sheet as an asset – a deferred tax asset.
04/22/24 3:03 AM
#457331 RE: Steady_T #457329
frrol
04/22/24 8:56 AM
#457339 RE: Steady_T #457329