The company has taken a tax position that is subject to review by the Internal Revenue Service.

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The company has taken a tax position that is subject to review by the Internal Revenue Service. The company determines that there is a 40% probability that the position will not be sustained upon review. Is this a “highly certain” tax position? Why or why not?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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