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TB MC Qu.16-62 (Static) The valuation allowance account that is... The valuation allowance account that...

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Accounting

TB MC Qu.16-62 (Static) The valuation allowance account that is... The valuation allowance account that is used in conjunction with deferred taxes relates:

A. Only to deferred tax liabilities.

B. To both deferred tax assets and liabilities.

C. Only to deferred tax assets.

D. Only to income taxes receivable due to net operating loss carrybacks

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