When Assessing Realizability of Deferred Tax Assets, Management Must Consider

When assessing realizability of deferred tax assets, management must consider positive and negative evidence. All of the following would be considered positive evidence except ________.

A) taxable income in prior carryback year(s) if carryback is permitted under the tax law
B) future reversals of existing taxable temporary differences
C) unsettled circumstances that could adversely affect future operations
D) an excess of appreciated asset value over the tax basis of the entity's net assets