Respond to the following using guidance in the Codification. Cite your sources for all responses.

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? Include at least two Codification paragraph references as support.

$$Per ASC $\_\_\_\_\_-\_\_\_\_\_\_\_-\_\_\_\_\_\_-\_\_\_\_\_\_\_\_$

Per ASC $\_\_\_\_\_-\_\_\_\_\_\_\_-\_\_\_\_\_\_-\_\_\_\_\_\_\_\_$