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:

Gender

A social construct that refers to roles, behaviors, activities, and attributes that a given society considers appropriate for men and women or various gender identities.

Suicidality

The risk of suicide or a tendency towards suicidal behavior.

Refugee

A person forced to flee their country due to persecution, war, or violence.

Foreign Born

Individuals who were born outside of the country they currently reside in, regardless of their current citizenship or nationality.