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The accounting for uncertain tax positions has been addressed by FIN 48, "Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109." Under FIN 48 the evaluation of a tax position is a two-step process. These steps are

A. measurement and evaluation

B. recognition and measurement

C. recognition and assessment

D. evaluation and assessment

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M950536

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