Which of the Following Is Not Required for an Accrual

question 16

Multiple Choice

Which of the following is not required for an accrual method taxpayer to currently deduct the cost of services received?

• A)The liability must be paid.
• B)The existence of a liability must be established.
• C)The amount of the liability is determined with reasonable accuracy.
• D)The services must actually be provided.

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Definitions:

Back Strain

Injury to the muscles or tendons in the back, often caused by lifting heavy objects improperly or sudden movements.

Health Care Providers

Professionals who offer services aimed at maintaining or improving health, including doctors, nurses, and therapists.

Pelvic Region

The lower part of the torso situated between the abdomen and the thighs; encompasses the pelvic bones and surrounding structures.

COPD

Chronic Obstructive Pulmonary Disease, a long-term lung disorder that obstructs airflow and makes it difficult to breathe.