How are the tax benefits of net operating losses (NOL) disclosedon financial sta

How are the tax benefits of net operating losses (NOL) disclosedon financial statements? Which is more beneficial to anorganization an NOL carryforward or an NOL carryback? Explain why.What experience do you have with NOL in your organization or anorganization that you are familiar with? When would a companydecide to forego a NOL carryback?