[单选题]

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.

参考答案与解析: