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The Way Companies Deal with Uncertainty in Tax Positions Is

Question 172

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The way companies deal with uncertainty in tax positions is prescribed by GAAP in FASB ASC 740-10: Income Taxes-Overall (previously FASB Interpretation No. 48 (FIN 48)). Describe the two-step process provided by GAAP (previously FIN 48).

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GAAP (previously FIN 48) creates a highe...

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