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Business, 01.07.2019 19:20 kenyasutton10

Which of the following items is not considered evidence in determining if a valuation allowance is necessary? a. a cumulative book loss over some period of time. b. management projects future taxable income based on a backlog of signed contracts. c. a net operating loss expired unused in the current year. d. management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.

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