When a Taxpayer Reports Income When Received,this Is Called the ________

question 47

Multiple Choice

When a taxpayer reports income when received,this is called the ________ method.

• A)Accrual basis of accounting
• B)Income tax progressive
• C)Cash receipts and disbursements
• D)Deferred

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Definitions:

Storage Device

Hardware used to record and retain digital data, such as a hard drive, SSD, USB flash drive, or CD.

Protocol

A set of rules governing the exchange or transmission of data between devices.

Token

A piece of data or a digital asset used in various applications, representing a right, access, or asset.

Terminator

A device or program that signals the end of a data string or message transmission session.