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.