What question did this study set out to answer?

The article aims to clarify the accounting disputes between Aetna and the SEC related to tax benefits from loss carryforwards.

Aetna, The SEC and Tax Benefits of Loss Carryforwards.

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Article examines the accounting issues regarding tax benefits in Aetna's dispute with the SEC, indicating potential changes in regulations.

The article aims to clarify the accounting disputes between Aetna and the SEC related to tax benefits from loss carryforwards.
Discussion of accounting requirements for loss carryforwards
Examination of Aetna's tax benefit accounting practices
Analysis of market reactions to Aetna's SEC dispute
Identified inconsistencies in current accounting for tax benefits
Proposed changes to accounting reflecting recent tax law adjustments
Highlighted the impact on asset definitions and recognition criteria

Elliott et al. (1985) studied this question.

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Article examines the accounting issues regarding tax benefits in Aetna's dispute with the SEC, indicating potential changes in regulations.