Business
Business, 08.04.2020 00:21, Graciouzgigi1394

Violet inc., recorded a deferred tax asset of $43000 due to a book-tax difference in warranty liabilities. Management has assessed that it is more likely than not that the firm will not realize 35% of the deferred tax asset. What is the necessary "journal entry to record the valuation allowance"?

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Violet inc., recorded a deferred tax asset of $43000 due to a book-tax difference in warranty liabil...

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