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Which of the following is true of uncertain tax positions: I. They are positions for which the tax authorities may disallow a deduction in whole
Which of the following is true of uncertain tax positions: I. They are positions for which the tax authorities may disallow a deduction in whole or in part. lI. They include instances in which the tax law is clear and in which the company believes an audit is likely. lII. They give rise to tax expense by increasing payables or increasing a deferred tax liability. I, II, and I I and IIl only Il only I only
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