Which of the Following Criteria Is Not Required to Be

question 51

Multiple Choice

Which of the following criteria is not required to be met under the tax concept of income?

• A)There must be economic benefit.
• B)Income must be realized.
• C)Income must be recognized.
• D)Cash must be received.

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Definitions:

Chemotaxis

Attraction of living protoplasm (cells) to chemical stimuli.

Vasodilation

Increased diameter of blood vessels.

Histamine

A compound released by cells in response to injury and in allergic and inflammatory reactions, causing contraction of smooth muscle and dilation of capillaries.

Prostaglandins

A group of lipid compounds that are derived enzymatically from fatty acids and have important functions in the body, including in inflammation and as hormone-like messengers.