The basic issue in deciding whether to record a valuation allowance for a deferred tax asset is if probable taxable income is anticipated to be insufficient to realize the tax benefit.

Name: The basic issue in deciding whether to record a valuation allowance for a deferred tax asset is if probable taxable income is anticipated to be insufficient to realize the tax benefit.
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This is the correct definition of the basic issue in deciding whether to record a valuation allowance for a deferred tax asset.

The Basic Issue in Deciding Whether to Record a Valuation