单选题
编号：2695405
1. Which of the following statements most accurately describes a valuation allowance for deferred taxes? A valuation allowance is required under:
- A.IFRS on revaluation of capital assets
- B.U.S. GAAP if there is doubt about recovering a deferred tax asset.
- C.Both IFRS and U.S. GAAP on tax differences arising from the translation of foreign operations.