Business
Business, 13.02.2020 22:25, highschoolkid621

Recognizing a valuation allowance for a deferred tax asset requires that a company 1. pass a recognition threshold, after assuming that it will be audited by taxing authorities. 2. take an aggressive approach in its tax planning. 3. consider only the positive information in determining the need for a valuation allowance. 4. consider all positive and negative information in determining the need for a valuation allowance.

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