ASC 740 applies a two-step process in determining if an uncertain tax benefit should be recognized.

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ASC 740 applies a two-step process in determining if an uncertain tax benefit should be recognized. The first step is to evaluate whether it is more likely than not that the tax position will be sustained upon examination. The second step is to measure the amount of benefit that should be recognized in the financial statements.

ASC 740 Applies a Two-Step Process in Determining If an Uncertain