Stock option expense is not deductible for tax purposes until the options are exercised. True or false

The purpose of accounting for uncertain tax positions is to accurately measure the tax liability of the enterprise, regardless of tax positions taken on its tax returns. True or False

The final step in the recognition/measurement of DTE and DTA/DTLs is the evaluation of the nedd for a valuation allowance for the DTLs. True or False

The purpose of the deferred tax asset valuation allowance account is to address whether a DTA exists. True or False

Not filing in a particular state is a tax position. True or false

A major principle of ASC 740 is to account for deferred tax assets and liabilities that arise from permanent book-tax differences.True or False

A foreign subsidiary must use U.S. tax laws to compute foreign CTE. True or false