Which of the Following Items Is Not Considered Evidence in Determining

Which of the following items is not considered evidence in determining if a valuation allowance is necessary?

A) A cumulative book loss over some period of time.
B) A net operating loss expired unused in the current year.
C) Management projects future taxable income based on a backlog of signed contracts.
D) Management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.