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Business, 01.07.2019 19:20 Dragon63770

Which of the following statements best describes a valuation allowance as it relates to accounting for income taxes? a. a valuation allowance is a contra account to deferred tax assets onlyb. a valuation allowance is a contra account to deferred tax liabilities onlyc. a valuation allowance is a contra account to deferred tax assets and liabilitiesd. a valuation allowance is a contra account to noncurrent deferred tax assets only

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