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:

Psychoanalysis

A therapeutic approach that seeks to explore and understand the unconscious mind, often dealing with repressed childhood conflicts.

Moral Therapy

A historical approach to mental health treatment focusing on humane treatment, moral discipline, and the therapeutic benefits of a structured environment.

United States

refers to a country composed of 50 states, a federal district, five major self-governing territories, and various possessions, known for its large size and diverse culture and geography.

Benjamin Rush

Known as a founding father of American psychiatry, he was an 18th-century physician who made significant contributions to the development and understanding of mental illness.