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( 7 ) Canvas it is more likely than not that the tax position will be sustained upon audit. any of these choices exist there

(7) Canvas
it is more likely than not that the tax position will be sustained upon audit.
any of these choices exist
there is at least a 51% probability that the uncertain tax position will be approved by the faxing authorities
it is probable and can be reasonably estimated. t is probable and can be reasonably estimated.
Question 10
Deferred taxes should be presented on the balance sheet
as a noncurrent amount.
as either noncurrent or current.
as a current amount
as reductions of the related asset or liability accounts.
Question 11
In a defined-contribution plan, a formula is used that
requires an employer to contribute a certain sum each period based on the formula.
ensures that pension expense and the cash funding amount will be different.
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