The Definition of "Unrealized Receivable" Does Not Include the

question 59

Multiple Choice

The definition of "unrealized receivable" does not include the

• A)right to payment for services performed by a cash-basis taxpayer.
• B)recapture potential on Sec. 1245 property.
• C)recapture potential on Sec. 1250 property.
• D)right to payment for services performed by an accrual-basis taxpayer.

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Definitions:

Gerontology

The study of the aging process, including the biological, psychological, and social aspects of aging.

Primary Aging

The natural, biological process of aging that is genetically programmed and inevitable.

Secondary Aging

The decline in physical and mental capacity resulting from lifestyle behaviors and environmental factors rather than genetic programming.

Tertiary Aging

The decline in physical and cognitive function that occurs due to diseases and poor health habits rather than normal aging.