Which of the following statements is true? A. ASC 740 focuses on the income tax expense or benefit on the income statement
B. ASC 740 focuses on the balances in the deferred tax assets and liabilities on the balance sheet
C. ASC 740 focuses on the income taxes paid or refunded in the Statement of Cash Flows
D. ASC 740 focuses on the computation of a company's effective tax rate in the income tax note to the financial statements

B. ASC 740 focuses on the balances in the deferred tax assets and liabilities on the balance sheet

Explanation:

ASC 740 applied the asset and liability approach for determining the current tax payable of the company and deferred tax payable for the company both should be refundable also its main focus is on the company balance sheet

So as per the given options, the option b is correct as it focused on the deferred tax asset and the deferred tax liabilities that to be shown on the balance sheet

So, other options should be wrong

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.