If it is more likely than not that future benefits from a deferred tax asset will not be realized in its entirety,a/an

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If it is more likely than not that future benefits from a deferred tax asset will not be realized in its entirety, a valuation allowance is established to reduce the carrying amount of the deferred tax asset to the amount that is more likely to be realized. This is in accordance with the conservatism principle of accounting.

If It Is More Likely Than Not That Future Benefits