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Over the past 3 years, ABC Company has reported a steady increase in its valuation allowance. This trend most likely suggests that: O The company's

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Over the past 3 years, ABC Company has reported a steady increase in its valuation allowance. This trend most likely suggests that: O The company's future profitability prospects have diminished. O The company's shareholders' equity has risen. The company's future profitability prospects have improved

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