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Federal Tax Question: Question 8 6 pts M. Salah Corporation constructs the following table in determining how to apply ASC 740-10 (Uncertain Tax Positions) to

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Federal Tax Question:

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Question 8 6 pts M. Salah Corporation constructs the following table in determining how to apply ASC 740-10 (Uncertain Tax Positions) to its ling position for a permanent tax deduction. The amount of the tax deduction is $3 million and is claimed on the tax return. Possible Outcome/Deductible Individual Probability of Cumulative Probability of Amount Occurring Occurring Assuming a tax rate of 21%, which of the following must M. Salah Corporation record on its nancial statements related to the uncertainty of its tax positions? A Additional Tax Liability of $294,000 A Additional Tax Liability of $285,600 A Additional Tax Liability of $336,000 A Nothing is recorded in the nancial statements to reect the tax uncertainty

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