Under what conditions does a firm which is recognizing a deferred tax asset also recognize a valuation allowance for all or a portion of it? Which section of the authoritative literature best defines these conditions?

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Correctly formatted FASB ASC topics are 3 digits.

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Some examples of correctly formatted FASB ASC responses are 205-10-05-1, 323-740-S25-1, 260-10-60-1A, 260-10-55-99, and 115-60-35-128A.