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SFAS 109, Accounting for Income Taxes, states that a deferred tax asset shall be reduced by a valuation allowance if it is A. Probable that

SFAS 109, Accounting for Income Taxes, states that a deferred tax asset shall be reduced by a valuation allowance if it is

A. Probable that some portion will not be realized.

B. Reasonalby possilbe that some portion willl not be realized.

C. More likely than not that some portion will not be realized.

D. Likely that some portion will not be realized.

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