Business, 24.06.2019 22:00 GreenHerbz206

Cadillac square corporation determined that $1,000,000 of its research tax credit on its current-year tax return was uncertain, but that it was more likely than not to be sustained on audit. management made the following assessment of the company's potential tax benefit from the deduction and its probability of occurring. potential estimated benefit individual probability of occurring (%) cumulative probability of occurring (%)$ 1,000,000 40 40$ 750,000 25 65$ 500,000 20 850 15 100

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Cadillac square corporation determined that $1,000,000 of its research tax credit on its current-yea...