HOMELv009 How should a deferred tax asset be recognized if it is more likely than not that some portion will not be realized? 2026年5月18日 A valuation allowance is used to reduce the deferred tax asset to the amount that is more likely than not to be realized. What is the accounting treatment for “scrip dividends”? When the functional currency is the US Dollar and the local currency is different, which method is used?