Asked by Angel
What does it mean when the accumulated deficit on a balance sheet is a (loss)?
Answers
Answered by
drwls
For tax purposes, you may be keeping track of accumulated deficits to lower future taxes when there may be profits.
That is just my guess. I am not an accounting expert.
That is just my guess. I am not an accounting expert.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.