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Corporation records interest and penalties related to its unrecognized tax benefits of 1,000,000. Which of the following statements about recording this amount is most correct? - Madison does not record the expense until it is paid. - Madison must record the expense separate from its income tax provision. - Madison can elect to include the expense as part of its income tax provision or record the expense separate from its income tax provision, provided the company discloses which option it chose. - Madison must record the expense in its income tax provision.
Sagot :
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