the balance in the deferred tax asset valuation allowance was 23 million in year 5 and 16 million in year 6 what affect did the change in this allowance have on the year 6 income statement?
a- decreases in the allowance suggest that the firm does not expect to realize future sources of taxable income
b-the decline in the valuation allowance is recognized as nonoperating income on the income statement
c the decline in the valuation allowance is recognized as an increase in income from continuing operations because of lower income tax expense
d-the decline in the valuation allowance does not affect the income statement since it is offset by a lower deferred tax asset amount
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