If a Cash-Basis Taxpayer Gives a Note in Payment of an Expense,the

question 38

True/False

If a cash-basis taxpayer gives a note in payment of an expense,the deduction may not be taken until the note is paid.

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Definitions:

Imprinting

A form of rapid learning occurring in some newborn animals, which allows them to recognize and follow the first moving object they see, generally the mother.

Good Nutrition

Adequate, well-balanced intake of essential nutrients for health and growth.

Fetuses

A developmental stage of mammals within the womb, particularly of humans from the ninth week after conception to birth.

Longitudinal Method

A research design in which the same subjects are observed or studied over a long period to observe changes or development.