Financial Accounting and Reporting

If it is more likely than not, the amount of benefit recognized is the largest amount for which the cumulative probability of realization exceeds 50%. True/ False

If all or a portion of the deduction is allowed, what is the associated journal entry?

If the deduction is disallowed, what is the journal entry in the year of resolution for the uncertainty?

Is this statement true? If it is more likely than not that the position will be sustained upon audit by the IRS, then income tax expense is not reduced and an additional tax liability is recognized. No benefit is recognized in the current year.