A deferred tax asset can be fully recognized without adjustment if management believes that the probability of future taxable income sufficient to fully realize the deferred tax asset is greater than 50%.

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This statement is true, as per the accounting standard ASC 740. It allows for full recognition of a deferred tax asset if it is more likely than not that the future taxable income will be sufficient to realize the asset. "More likely than not" means a probability of greater than 50%.

A Deferred Tax Asset Can Be Fully Recognized Without Adjustment