Income Tax Refund Receivable

Question: accounting homework help 13?

A net operating loss (NOL) carryforward cannot result in the balance sheet at the end of the NOL year showing:
A)A receivable under current assets for an income Tax Refund.
B)A current deferred tax asset.
C)A noncurrent deferred tax asset.
D)Both a current and a noncurrent deferred tax asset.

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Firan Technology Group (FTG) Returns to Growth in Second Quarter, 2010

TORONTO, ONTARIO–(Marketwire – 07/07/10) – Firan Technology Group Corporation (TSX: FTG – News ) today announced financial results for the second quarter 2010. — Achieved book-to-bill ratio above 1.10:1 in the quarter — Grew revenue by 12% over Q1, 2010 — Net debt decreased by $1.5M in the quarter — Subsequent to the end of the quarter, secured $5.1M in Ontario government funding in support …

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