Question
Based upon your review of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes or other similar government web sites that explain FIN 48
Based upon your review of FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes" or other similar government web sites that explain FIN 48 as used by Weis Markets Inc., discuss the following: Do you think Weis Markets Inc. is trying to delay taxes or merely eager to follow GAAP rules to complete the required financial statements? Would Weis Marketing arrive at the same retained earnings balance of the equity section on their balance sheet in 5 years, if they ignored the FIN 48 allowed by FASB? Your answer should follow the scoring guide and be at least 250 words in length. Peer reviewed journal articles always make a great defense for the position presented.
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