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18-08-2020
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The valuation allowance account that is used in conjunction with deferred taxes relates:_______

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topeadeniran2 topeadeniran2

18-08-2020

Answer: contra asset

Explanation:

A contra asset account is one whereby the account balance will either be a negative balance or zero.

The valuation allowance account that is used in conjunction with deferred taxes relates contra asset.

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