[Verse 1] CompuTech just logged a massive loss Deferred tax asset births from business cross Future deductions wait in accounting line But doubts creep in—will profits ever shine? Management stares at uncertain terrain Will taxable income return again? [Chorus] More likely than not, the golden rule Valuation allowance, accounting's tool When doubt exceeds fifty percent today The asset gets masked, locked away More likely than not, remember this phrase Probability drives the valuation maze [Verse 2] Three years of losses paint a gloomy scene Negative evidence, harsh but clean Positive factors fight the other side New contracts signed, fresh hope inside Weigh all the evidence, scale in hand Will future taxes help this company stand? [Chorus] More likely than not, the golden rule Valuation allowance, accounting's tool When doubt exceeds fifty percent today The asset gets masked, locked away More likely than not, remember this phrase Probability drives the valuation maze [Bridge] Balance sheet shrinks when allowance appears Equity drops with stakeholder fears Conservative practice protects the user From phantom assets, accounting abuser Release allowance when fortune turns bright Bringing hidden value back to light [Verse 3] Analysts dig through footnote disclosure Hunting for management's true exposure Quality earnings demand this check Is deferred tax real or just on deck? Reversal patterns tell the deeper tale Of company health beyond the veil [Outro] When future benefits seem unclear Allowance whispers in accounting's ear Fifty-one percent doubt seals the fate Conservative wisdom cannot wait
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