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If it is more likely than not that future benefits from a deferred tax asset will not be realized in its entirety, a/an: Multiple Choice

If it is more likely than not that future benefits from a deferred tax asset will not be realized in its entirety, a/an:

Multiple Choice

  • equity account is increased.

  • expense allowance is established.

  • revenue is established.

  • valuation allowance is established.

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