Which of the Following Items Indicate That a Company Does

question 43

Multiple Choice

Which of the following items indicate that a company does not need a valuation allowance?

• A) existing sales contracts that will produce sufficient income to realize the deferred tax asset
• B) excess of appreciated asset value over tax basis sufficient to realize the deferred tax asset
• C) a strong history of earnings without considering the deferred tax asset
• D) All of the above are correct.

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Definitions:

American Women

Denotes women who are citizens of or live in the United States, focusing on their societal roles, challenges, and contributions.

Experienced

Having knowledge or skill in a particular field, obtained through involvement in or exposure to that area over a period of time.

Gender-Gap

The disparity between genders in various aspects of life, including but not limited to earnings, education, health, and political representation.

Median Education

The middle value of the education level of a population when ordered from the lowest to highest level.