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Which of the following are the two steps in the process set out by GAAP to determine how much benefit may be recognized from an uncertain tax position and how much a firm should report in its tax contingency reserve as a liability?

Multiple select question.

Step $2$ is the measurement of the tax benefit.

Step $1$ requires a firm to determine a recognition threshold.

Step $2$ requires replacing the contingency reserve with a valuation allowance.

Step $1$ is the calculation of the of the tax benefit.