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Which of the following statements best justifies analyst scrutiny of valuation allowances? Group of answer choices A) Changes in valuation allowances can be used to

Which of the following statements best justifies analyst scrutiny of valuation allowances?

Group of answer choices

A) Changes in valuation allowances can be used to manage reported net income.

B) Large valuation allowances reflect future sources of cash for the firm.

C) Increases in valuation allowances may be a signal that management expects earnings to improve in the future.

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