Accounting Discussion Board: "Taxes"
o Examine the impact of (Accounting for the Uncertainty in Income Taxes) on GAAP reporting. Identify the benefits of the requirements on financial reporting. Assess whether FIN 48 was necessary and support your position.
"Case: Deferred Tax Assets and Liabilities"
o Referencing Case from your readings, explain why deferred tax assets and liabilities are recognized and reported on a corporation's balance sheet. Include a discussion of valuation allowance.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.