What is the purpose of a valuation allowance if a company, Financial Accounting

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What is the purpose of a valuation allowance if a company

What is the purpose of a valuation allowance? If a company is told by an auditor that they must record a valuation allowance against their deferred tax asset, what is the auditor saying about that deferred tax asset? What happens to tax expense when a valuation allowance is recorded?

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Financial Accounting: What is the purpose of a valuation allowance if a company

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Financial Accounting: What is the purpose of a valuation allowance if a company

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