Under the Cash Method of Accounting,all of the Following Are

question 22

Multiple Choice

Under the cash method of accounting,all of the following are true with the exception of

• A)fixed assets are always expensed as the taxpayer pays for the assets.
• B)gross income includes the value of property received.
• C)to some extent,a taxpayer may control the year in which an expense is deductible by choosing when to make the payment.
• D)income is reported in the tax year in which payments are actually or constructively received.

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Definitions:

Conditioned Fear

A learned response to a previously neutral stimulus that, after being associated with an aversive event, triggers a fear reaction.

Abusive Behaviour

This term refers to actions that intentionally harm or control another person, often manifesting in physical, emotional, sexual, or psychological abuse.

Descriptive Norms

Refer to perceptions of how people typically behave in a given context, which can influence individual behavior by setting a standard of what is common or normal.

Injunctive Norms

Social norms that dictate what is perceived as approved or disapproved behavior within a given culture or social group.