McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 34

{ research } What is the amount of Ford Motor Company's valuation allowance against its deferred tax assets in 2010? What factors led management to establish a valuation allowance against its deferred tax assets (hint: read the management discussion and analysis section of the annual report).Why is the valuation allowance amount less than the total amount of deferred tax assets? You can access Ford's annual report for 2010 at htp://www.ord.om.