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.
Correct Answer:
Verified
Correct Answer:
Verified
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