Fallon Inc reports taxable income of $500,000 for 2011 and has a marginal tax rate...
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Fallon Inc reports taxable income of $ for and has a marginal tax rate of rate is expected to increase to next year and remain at after that. Excluded Fallon's determination of taxable income was a questionable deduction of $ which re an uncertain tax position. Fallon would have reported $ in taxable income if they di the questionable deduction. Fallon believes the deduction satisfies the "more likely than no of the IRS. They anticipate the following probabilities of outcome with the IRS: Allowable deduction: Probability $ $ $ $ $ What journal entry will Fallon make to account for this uncertain tax position? 
Fallon Inc reports taxable income of $ for and has a marginal tax rate of rate is expected to increase to next year and remain at after that. Excluded Fallon's determination of taxable income was a questionable deduction of $ which re an uncertain tax position. Fallon would have reported $ in taxable income if they di the questionable deduction. Fallon believes the deduction satisfies the "more likely than no of the IRS. They anticipate the following probabilities of outcome with the IRS:
Allowable
deduction:
Probability
$
$
$
$
$
What journal entry will Fallon make to account for this uncertain tax position?
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