4. Which of the following statements regarding uncertain tax position (UTP) is correct?

A. Interests and penalties related to UTP must be reported in the income tax provision.

B. Large corporations can elect to file schedule UTP if they think it will help investors.

C. ASC 740 requires a company to disclose the amount of unrecognized tax benefits for each state in which it files a tax return.

D. The amount of tax benefit not recognized in the measurement process is recorded as liability in the balance sheet.

E. None of the choices are correct.