Which of the following statements best describes the ASC $740$ rules related to the disclosure of the components of deferred tax assets and liabilities in the company's income tax note?

A publicly traded company should disclose the approximate "tax effect" $($dollar amounts$)$ of all of the components of its deferred tax assets and liabilities in a footnote to the financial statements.

A publicly traded company should disclose the approximate "tax effect" $($dollar amounts$)$ of only those components of its deferred tax assets and liabilities that give rise to a "significant" portion of net deferred tax liabilities and deferred tax assets in a footnote to the financial statements.

A privately held company should disclose the approximate "tax effect" $($dollar amounts$)$ of all of the components of its deferred tax assets and liabilities in a footnote to the financial statements.

A privately held company should disclose the approximate "tax effect" $($dollar amounts$)$ of only those components of its deferred tax assets and liabilities that give rise to a "significant" portion of net deferred tax liabilities and deferred tax assets in a footnote to the financial statements.