单选题

Which of the following statements most accurately describes a valuation allowance for deferred taxes? A valuation allowance is required under:

A、 both IFRS and US GAAP on deferred tax assets arising from the translation of foreign operations.
B、 US GAAP if there is doubt about recovering a deferred tax asset.
C、 IFRS on revaluation of a deferred tax asset.

【正确答案】 B

【答案解析】

A valuation allowance is required under US GAAP if there is doubt about whether a deferred tax asset will be recovered. Under IFRS, the deferred tax asset is written down directly.