A company will show the same income tax expense/benefit regardless of whether or not a valuation allowance account is used.

Name: A company will show the same income tax expense/benefit regardless of whether or not a valuation allowance account is used.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The use of a valuation allowance can alter the reported income tax expense/benefit, as it adjusts the net deferred tax assets to the amount that is more likely than not to be realized.

A Company Will Show the Same Income Tax Expense/benefit Regardless