Under U.S. GAAP, a deferred tax asset must be realized when:
A. realization is probable.
B. realization is possible.
C. realization is more likely than not.
D. realization is greater than 75% likely.
Answer:C
Under U.S. GAAP, a deferred tax asset must be realized when:
A. realization is probable. B. realization is possible. C. realization is more likely than not. D. realization is greater than 75% likely.