Uber Technologies, Inc., is a ridesharing provider. In its 2019 annual report, the company reported deferred tax
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Uber Technologies, Inc., is a ridesharing provider. In its 2019 annual report, the company reported deferred tax assets totaling about $11,230 million. The company also reported valuation allowances totaling about $9,855 million. Does that suggest that it is more likely than not that Uber will be able to realize most of its deferred tax assets?
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No the fact that Uber has such a high valuation allowance suggests th...View the full answer
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