Which of the Following Statements Is True

question 44

Multiple Choice

Which of the following statements is true?

• A) In determining if a valuation allowance is needed, positive evidence is considered more persuasive than negative evidence.
• B) In determining if a valuation allowance is needed, only negative evidence is evaluated.
• C) In determining if a valuation allowance is needed, negative and positive evidence must be evaluated equally.
• D) In determining if a valuation allowance is needed, negative evidence is considered more persuasive than positive evidence.

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