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Uncertain Tax Positions I.Are Positions for Which the Tax Authorities May Disallow a May

Question 60

Multiple Choice

Uncertain tax positions
I.Are positions for which the tax authorities may disallow a deduction in whole orin part.
II.Include instances in which the tax law is clear and in which the company believesan audit is likely
III.Give rise to tax expense by increasing payables or increasing a deferredtax liability.


A) I, II, and III.
B) I and III only.
C) II only.
D) I only.

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