When does a corporation establish a valuation allowance? Give an example of positive evidence that might be

Question:

When does a establish a valuation allowance? Give an example of positive evidence that might be used to justify that a valuation allowance is not needed.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...