The recognition of a deferred tax asset is limited by: A. the principle of conservatism....
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Accounting
The recognition of a deferred tax asset is limited by:
A. the principle of conservatism.
B. through the use of a contra account, Valuation Allowance.
C. only if it is more likely than not the expected future benefits will not be realized.
D. Two of the above.
E. All of the above
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