Q1. Which of the following best describes valuation allowance? Valuation allowance is a reserve:
A) against deferred tax assets based on the likelihood that those assets will not be realized.
B) created when deferred tax assets are greater than deferred tax liabilities.
C) against deferred tax liabilities based on the likelihood that those liabilities will be paid.
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发表于 2009-9-7 11:51
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