An analyst is reviewing a company with a large deferred tax asset on its balance sheet. She has determined that the firm has had cumulative losses for the last three years and has a reduced prices. Which of the following adjustments should the analyst make to account for the deferred tax assets? —— 财会经济>CFA特许金融分析师 > CFA考试（Level Ⅰ） > Study Session 9　Financial Reporting and Analysis Inventories, Long-lived Assets, Icome Taxes, and Non-current Liabilities

财会经济>CFA特许金融分析师 > CFA考试（Level Ⅰ） > Study Session 9　Financial Reporting and Analysis Inventories, Long-lived Assets, Icome Taxes, and Non-current Liabilities

单选题 编号：2689002

1. An analyst is reviewing a company with a large deferred tax asset on its balance sheet. She has determined that the firm has had cumulative losses for the last three years and has a reduced prices. Which of the following adjustments should the analyst make to account for the deferred tax assets?

A.Record a deferred tax liability to offset the effect of the deferred tax asset on the firm's balance sheet.
B.Recognize a valuation allowance to reflect the fact that the deferred tax asset is unlikely to be realized.
C.Do nothing.The difference between taxable and pretax income that caused the deferred tax asset is likely to reverse in the future.

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