Under US GAAP, a Deferred Tax Asset Must Be Realized When

question 30

Multiple Choice

Under U.S. GAAP, a deferred tax asset must be realized when:

• A) realization is probable.
• B) realization is possible.
• C) realization is more likely than not.
• D) realization is greater than 75% likely.

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Definitions:

Secondary Container

A receptacle used to hold or transport hazardous materials, typically inside a primary container for extra safety.

OSHA

The Occupational Safety and Health Administration, a U.S. government agency responsible for ensuring safe and healthy working conditions by enforcing standards and providing training.

Category III

In various contexts, it could refer to a classification level that often denotes a specific set of guidelines, requirements, or intensity.

Bodily Fluids

Liquids originating from inside the human body, including blood, saliva, semen, and sweat, responsible for various functions and processes.