40. Find the paragraph(s) in ASC 740 that deals with the following items (access ASC 740 on the FASB website, http://www.fasb.org, and then click on “Standards”).

You will need a Username and Password from your instructor.

a. The objectives and basic principles that underlie ASC 740.

b. Examples of book–tax differences that create temporary differences.

c. The definition of a tax planning strategy.

d. Examples of positive evidence in the valuation allowance process.

e. Rules relating to financial statement disclosure.