Which of the Following Items Is Not Considered Evidence in Determining

question 40

Multiple Choice

Which of the following items is not considered evidence in determining if a valuation allowance is necessary?

• A)A cumulative book loss over some period of time.
• B)Management projects future taxable income based on a backlog of signed contracts.
• C)A net operating loss expired unused in the current year.
• D)Management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.

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Definitions:

Developmental Needs

The requirements necessary for an individual's growth, learning, or improvement in their capabilities or potential.

Multi-source Feedback

A comprehensive evaluation method where feedback on an individual's performance is collected from multiple sources, including peers, subordinates, and supervisors.

Challenges

Obstacles and difficulties that need to be overcome to achieve a certain goal or objective.

Rotating Managers

The practice of moving managers through a variety of roles or positions within an organization to broaden their experience and skills.