If a company’s deferred tax asset is not reduced by a valuation allowance, the company believes it is more likely than not that: A. Sufficient financial income will be generated in future years to realize the full tax benefit.B. Sufficient financial and taxable income will exist in future years to realize the full tax benefit.C. Sufficient taxable income will be generated in future years to realize the full tax benefit.D. Tax rates will not change in future years.
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