Which of the Following Statements About ASC 740 as It

question 23

Multiple Choice

Which of the following statements about ASC 740 as it relates to uncertain tax positions is true?

• A)ASC 740 deals with all tax benefits involving income and nonincome taxes.
• B)ASC 740 deals with whether a recognized income tax benefit will be realized.
• C)ASC 740 deals with recognized tax benefits related to income tax positions claimed on a filed tax return.
• D)ASC 740 deals with recognized tax benefits related to income tax positions, regardless of whether the item is taken on a filed tax return.

---

Definitions:

The Funeral Rule

A regulation enforced by the Federal Trade Commission that requires funeral providers to give consumers accurate, itemized price information and other specific disclosures about funeral goods and services.

Funeral's Expense

The costs incurred for the services and goods associated with the burial or cremation of deceased individuals.

Telephone Consumer Protection Act of 1991

A federal law that restricts telemarketing calls, the use of automated telephone equipment, and other forms of telephone-based marketing.

Prerecorded Voice

Involves automated messages delivered via telephone without the need for a live speaker.