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Question 35 4 points Save Answer (4 points) Regal Corporation assessed that 2,000 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 O III. $420,000 150,000 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? $420,000 OI. $270,000 O II. $120,000 O III. $420,000 O IV. $240,000 O V. $0 300,000 180,000 150,000 0 23 Moving to another question will save this response. 28 15 19% 34 57 85 Based on the above scenario, what is the portion of the credit that will be unrecognized (require a liabi 100