Question: TB MC Qu . 1 6 - 6 3 ( Static ) The valuation allowance account that is . . . The valuation allowance account

TB MC Qu.16-63(Static) The valuation allowance account that is...
The valuation allowance account that is used in conjunction with deferred taxes relates:
Multiple Choice
To both deferred tax assets and liabilities.
Only to deferred tax assets.
Only to income taxes receivable due to net operating loss carrybacks.
Only to deferred tax liabilities.

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