If the Valuation Allowance for a Deferred Tax Asset Is

question 54

Multiple Choice

If the valuation allowance for a deferred tax asset is decreased, there is a(n) ________ to income tax expense, which is a(n) ________ to income tax benefit.

• A) decrease; increase
• B) increase; increase
• C) increase; decrease
• D) decrease; decrease

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Definitions:

Apical Dominance

The phenomenon where the main, central stem of the plant is dominant over (grows more strongly than) other side stems.

Auxin

A plant hormone that promotes root formation and bud growth.

Auxin

A class of plant hormones that plays a crucial role in coordinating growth and behavioral processes in the plant's life cycle.

Cytokinin

A class of plant hormones that promote cell division and growth, and delay the aging of plant organs by influencing nutrient mobilization and allocation.