Which of the Following Types of Evidence Indicate That a Valuation

question 110

Multiple Choice

Which of the following types of evidence indicate that a valuation allowance is needed to reduce the deferred tax asset?

• A) history of profits
• B) excess of appreciated asset values over basis
• C) existing contracts or sales backlogs, which will generate significant future income
• D) short carryback or carryover periods

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Definitions:

Negative Symptoms

Features primarily seen in psychiatric conditions like schizophrenia, characterized by deficits or decreases in normal functioning, such as blunted emotions or social withdrawal.

Cognitive Perspectives

A psychological approach that focuses on understanding mental processes such as perception, memory, thought, and problem-solving, and how they influence behavior.

Perceptual Input

Information received by the senses that is then processed by the brain to make sense of the world.

Infectious Diseases

Diseases caused by pathogenic microorganisms such as bacteria, viruses, parasites, or fungi that can be spread, directly or indirectly, from one person to another.