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To record a valuation allowance for a deferred tax liability, companies will A) debit Deferred Tax Liability B) debit Income Taxes Payable C) valuation allowance
To record a valuation allowance for a deferred tax liability, companies will
A) debit Deferred Tax Liability
B) debit Income Taxes Payable
C) valuation allowance accounts do not apply to deferred tax liabilities
D) credit Allowance to Reduce Deferred Tax Asset to Expected Realizable Value
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