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    Intermediate Accounting Reporting and Analysis
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    Exam 18: Accounting for Income Taxes
  5. Question
    A Corporation Must Recognize a Valuation Allowance, If Based on Available
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A Corporation Must Recognize a Valuation Allowance, If Based on Available

Question 21

Question 21

True/False

A corporation must recognize a valuation allowance, if based on available evidence; it is more likely than not that the deferred liability will not be realized.

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