Which statement is NOT true related to the unit of account for UTPs? 

A. No single defined unit of account is applicable to all situations. 

B. Once a unit of account for a given tax position has been determined, the unit of account can not be changed and must be applied consistently from period to period. 

C. The manner in which the entity prepares and supports its tax return should be considered in all situations when determining the unit of account. 

D. The anticipated level at which taxing authorities will address issues during an examination should be considered in all situations when determining the unit of account.

Answer rating: 100% (QA)

C The manner in which the entity prepares and supports i... View the full answer