Which of the Following Statements Is True

question 48

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, negative evidence is considered more persuasive than positive evidence.
• 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, only negative evidence is evaluated.