All positive and negative information should be considered in determining whether a valuation allowance is needed.

Name: All positive and negative information should be considered in determining whether a valuation allowance is needed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A valuation allowance is determined by considering all positive and negative evidence to assess whether it is more likely than not that some portion or all of the deferred tax assets will not be realized.

All Positive and Negative Information Should Be Considered in Determining