Which of the Following Best Describes the Focus of ASC

Which of the following best describes the focus of ASC 740?

A) ASC 740 uses an "income and expense approach" that focuses on the income statement.
B) ASC 740 uses an "asset and liability approach" that focuses on the balance sheet.
C) ASC 740 uses a "permanent differences approach" that focuses on the effective tax rate reported in the income tax note to the financial statements.
D) ASC 740 uses a "taxes paid or refunded approach" that focuses on the statement of cash flows.