Question: 13. a. What is a valuation allowance as this term relates to income tax accounting? b. What guidance within ASC 740-10 requires that entities consider

13. a. What is a valuation allowance as this term relates to income tax accounting?

b. What guidance within ASC 740-10 requires that entities consider applying a valuation allowance to

deferred tax assets?

c. What are some considerations relevant in determining whether a valuation allowance is required?

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