If a Taxpayer Owes Interest, Economic Performance Occurs

question 166

Multiple Choice

If a taxpayer owes interest, economic performance occurs
I.with the passage of time.
II.when the all-events test is met.
III.when payments are made by the taxpayer.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Only statement III is correct.
• D)Statements II and III are correct.
• E)Statements I, II, and III are correct.

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