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Fin 48

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Issue:

Business

 

Written by:

Hector S

 

Date added:

March 20, 2016

 

Level:

College

 

Grade:

B

 

No of pages / words:

1 / 178

 

Was viewed:

5920 times

 

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Essay content:

Under the recognition step, a "more-likely-than-not" threshold is used to recognize and measure tax positions. The more likely than not threshold means that benefit related to an uncertain tax position may not be recognized in the financial statements unless it is more-likely-than-not that the position will be sustained based on its technical merits and There must be more than a 50 percent likelihood that the position would be sustained upon audit...
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Under the recognition step, a "more-likely-than-not" threshold is used to recognize and measure tax positions. The more likely than not threshold means that benefit related to an uncertain tax position may not be recognized in the financial statements unless it is more-likely-than-not that the position will be sustained based on its technical merits and There must be more than a 50 percent likelihood that the position would be sustained upon audit...
displayed 300 characters

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