Once determined, an unrecognized tax benefit under ASC 740 is not readjusted for subsequent events.
A UTB must be adjusted every reporting period if new information arises that changes management's assessment of the probability of recognition or the measurement amount.

Question

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Unrecognized tax benefits under ASC 740 must be reassessed and adjusted in each reporting period if new information affects the probability of recognition or the measurement amount.

Once Determined, an Unrecognized Tax Benefit Under ASC 740 Is