9: (10 Points) Twitter is an online news and social networking company. In its 2021...
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9: (10 Points) Twitter is an online news and social networking company. In its 2021 annual report, the company reported deferred tax assets totaling $398 million. The company also reported valuation allowances totaling $200 million. What would motivate Twitter to have a valuation allowance almost equal to its deferred assets
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