Which of the Following Types of Evidence Indicate That a Valuation

question 26

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

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Definitions:

Conditions of Worth

are standards imposed by others, especially during childhood, that individuals believe they must meet to be valued or loved.

Unconditional Positive Regard

This is a concept in client-centered therapy proposing total acceptance and support of a person regardless of what they say or do.

Inherent Value

The intrinsic worth of something, independent of its utility or application.

Conditional Regard

A form of approval or affection given to someone only when they meet certain expectations or criteria.