Question: please solve it in 10 mins I will thumb you up please fast I have 10 mins Question 35 4 points Save Answer (4 points)


please solve it in 10 mins I will thumb you up please fast I have 10 mins

Question 35 4 points Save Answer (4 points) Regal Corporation assessed that0,000 of its research tax credit on its current year tax return was uncertain, but that it was more likely than not to be sustained on audit. Management at Regal determined the following assessment of the company's potential tax benefit from the credit and its probability of occurring. Potential Estimated Benefit OI. $270,000 O II. $120,000 $420,000 300,000 180,000 150,000 O III. $420,000 0 Individual Probability of Occurring (%) 19% 15 23 28 15 Cumulative Probability of Occurring (%) 19% 34 57 85 Based on the above scenario, what is the portion of the credit that will be unrecognized (require a liab 100 Question 35 of 41>>> uncertain tax positions? OI. $270,000 O II. $120,000 O III. $420,000 O IV. $240,000 $420,000 O V. $0 300,000 180,000 150,000 0 23 A Moving to another question will save this response. 28 15 19% 34 Based on the above scenario, what is the portion of the credit that will be unrecognized (require a liabi 57 85 100 260 27 Question 35 20 36 OI. $270,000 LL 0100 000 280 29 $420,000 300,000 180,000 150,000 0 51 30 DA 321 6 33 4 points (4 points) Regal Corporation assessed that $420,000 of its research tax credit on its current year tax return was uncertain, but that it was more likely than not to be sustained on audit. Management at Regal determined the following assessment of the company's potential tax benefit from the credit and its probability of occurring. Potential Estimated Benefit 3 15 B Individual Probability of Occurring (%) 19% 23 370 28 15 14 150 160 176 180 190 2005 210 380 3915 40M Cumulative Probability of Occurring (%) I 19% 34 57 85 22 100 230 240 250 Based on the above scenario, what is the portion of the credit that will be unrecognized (require a liability) for certain tax positions? Save
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