All work must be 100% original and nor plagiarized. These are discussion questions not a research paper. References must be included and but bullets answered. Thank you.10-1″Taxes” Please respond to the following:Create a scenario reflecting the differences between GAAP and international accounting standards for taxes. Determine which reporting standard best reflects financial reporting for taxes, and support your position.Examine the impact of FIN 48 (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.
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