2016 Fall #14
The sample solution provides two possible answers for part a depending on the tax assumption. In this case, if we didn't state our assumption on the tax on DTA, do we not get full credit?
Thank you
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The sample solution provides two possible answers for part a depending on the tax assumption. In this case, if we didn't state our assumption on the tax on DTA, do we not get full credit?
Thank you
Comments
The solution is referring to "unrealized capital gains" as DTA. Odomirok 8 and 9 (2020) does not mention DTA, nor a tax on unrealized gains. I think it's safe to assume that this reference is outdated. The answer would not include a tax on unrealized capital gains,