THE TAX BENEFIT FOR MERGERS COMES FROM THE FACT THAT THE TAX LOSS...

251. The tax benefit for mergers comes from the fact that the tax loss carryforward _____ unless the firm makes sufficient profits to offset it completely. a. Does not expire at any moment b. Expires at the end of ten years in the united states c. Expires at the end of a specified number of years d. Cannot expire during the first five years in japan e. None of the above