Business
Business, 23.10.2021 07:50, duplessistoccara

At the end of 2021, a company has a deferred tax asset with an existing balance of $3,000. The company has no other temporary differences and no valuation allowance. Based on available evidence, the company concludes that it is more likely than not that only 20% will be realized. The journal entry to establish a valuation allowance results in a(n):

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At the end of 2021, a company has a deferred tax asset with an existing balance of $3,000. The compa...

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