With regard to the tax-related valuation allowance, two of the following statements are true. Which statement is FALSE?

Group of answer choices

a. The tax-related valuation allowance reduces the net value of deferred tax assets to the amount actually expected to be realized.

b. The tax-related valuation allowance reduces the net value of deferred tax liabilities to the amount actually expected to be paid.

c. The tax-related valuation allowance is akin to the allowance account used to reduce "accounts receivable" to the net realizable amount.