单项选择题

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 whether a deferred tax asset will be recovered.
C.both IFRS and U.S.GAAP on tax differences arising from the translation of foreign operations.

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