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A valuation allowance would exist as a contra account to the deferred tax assets if it is: a. "probable" that all of the gross amount of the deferred tax assets is expected to be realized. b. "probable" that only a small portion of the deferred tax assets are expected to be realized. c. "more likely than not" that only a portion of the gross amount of the deferred tax assets is expected to be realized. d. "more likely than not" that the entire amount is to be realized.
Sagot :
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