If a Valuation Allowance Is Decreased (Released) in the Current

question 10

True/False

If a valuation allowance is decreased (released) in the current year, the corporation's effective tax rate is lower than if the valuation allowance had not increased.

---

Definitions:

Dangling Modifiers

Dangling modifiers are words or phrases that do not have a clear term to modify in a sentence, often leading to confusion or a humorous interpretation.

Camouflaged Verbs

Verbs that are hidden or disguised within a sentence, often creating a more complex or nuanced meaning.

Hedging Sentences

Statements used to avoid directness or certainty, often to reduce risk or soften impact.

Parallelism

In writing or speech, refers to the use of components in a sentence that are grammatically the same; or similar in their construction, sound, meaning, or meter.