Business, 01.10.2019 02:10 pjgolden04
During 20x5, haft co. became involved in a tax dispute with the irs. at december 31, 20x5, haft’s tax advisor believed that an unfavorable outcome was probable. a reasonable estimate of additional taxes was $200,000 but could be as much as $300,000. after the 20x5 financial statements were issued, haft received and accepted an irs settlement offer of $275,000. what amount of accrued liability should haft have reported in its december 31, 20x5 balance sheet?
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During 20x5, haft co. became involved in a tax dispute with the irs. at december 31, 20x5, haft’s ta...
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