Which of the Following Statements About Uncertain Tax Position Disclosures

question 57

Multiple Choice

Which of the following statements about uncertain tax position disclosures is False?

• A) ASC 740 requires a company to disclose the amount of unrecognized tax benefits for each country in which it files a tax return.
• B) ASC 740 requires a company to disclose the aggregate amount of unrecognized tax benefits, separated between U.S., state and local, and international tax positions.
• C) ASC 740 requires a company to disclose the aggregate amount of unrecognized tax benefits without separation between U.S., state and local, and international tax positions.
• D) None of the choices are correct.

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Definitions:

Behavior Modification

A technique aiming to change negative behaviors into positive ones through reinforcement and punishment.

Modeling Behavior

A learning process that involves observing and imitating the behavior of others as a way of acquiring new behaviors.

Self-Efficacy

An individual's belief in their own capacity to execute behaviors necessary to produce specific performance attainments.

Competence

The ability to effectively perform or accomplish a task, activity, or role to a specified standard based on one's skills, knowledge, and experience.