5. Which of the following statements about uncertain tax positions (UTP) is correct?

5. Which of the following statements about uncertain tax positions (UTP) is correct?

a.  UTP applies only to tax positions accounted for under ASC 740 taken on a filed tax return.

b.  UTP applies to all tax positions accounted for under ASC 740, regardless of whether the item is taken on a filed tax return.

c. UTP deals with both the recognition and realization of deferred tax assets.

If a tax position meets the more-likely-than-not standard, the entire amount of the deferred tax asset or current tax benefit related to the tax position can be recognized under ASC 740.

d. Statements b, c, and d are correct.