The company has determined that there is an 80% likelihood that its position on a tax issue

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The company has determined that there is an 80% likelihood that its position on a tax issue will be upheld upon review by taxing authorities and that the entire amount of the position, $100,000, will be allowed. 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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