Question: You saw on the online Business News Channel that YoungCo

You saw on the online Business News Channel that YoungCo has “released one-third of its valuation allowances because of an upbeat forecast for sales of its tablet computers over the next 30 months.” What effect does such a release likely have on YoungCo’s current-year book effective tax rate? Be specific.

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  • CreatedMay 25, 2015
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