4. To deal with uncertainty, companies are allowed to recognize in the financial statements the tax benefit of a position it takes, only if it is more likely than not (greater than 50%chance) to be sustained if challenged. A company recognizes a tax benefit in its financial statements and believes the more-likely-than-not criterion is not met. Which of the following statements is correct? A. The company should wait until the IRS or other taxing authority litigates the companys position. B. The company should record (a) income tax payable including the entire benefit, (b) an additional tax liability to reflect the obligation to pay the entire amount of benefit, and (c) tax expense as if the tax benefit had never been taken. C. The company should record (a) income tax payable excluding the entire benefit, (b) an additional tax liability to reflect the obligation to pay the entire amount of benefit, and (c) a tax receivable for the entire amount of benefit. D. The company should record (a) an additional tax liability to reflect the obligation to pay the entire amount of benefit, and (b) a tax receivable for the entire amount of benefit.