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The Company recognizes within the consolidated monetary statements the profit of a tax place which is “more likely than not” to be sustained under examination primarily based solely on the technical merits of the position assuming a evaluate by tax authorities having all related dat Uyghur workers from the far-western area of Xinjiang as a part of an ongoing worker-transfer settlement, in accordance with the company and local officials in Qinzhou and Xinjiang, authorities notices and local state media. The Company evaluates its unsure tax positions utilizing the provisions of ASC 740, which prescribes a recognition threshold that a tax place is required to fulfill earlier than being acknowledged in the consolidated monetary statements.
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