The Constructive Receipt Doctrine Requires That Income Must Be Recognized

question 85

True/False

The constructive receipt doctrine requires that income must be recognized when it is made available to the cash basis taxpayer, although it has not been actually received. The constructive receipt doctrine does not apply to accrual basis taxpayers.

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Definitions:

Physiological Stages

The phases of physical and biological changes that an organism undergoes during its life cycle.

Sexual Arousal

A physiological and psychological state of being awakened to sexual desire and readiness for sexual activity.

Masters and Johnson

A research team known for their work in the field of human sexuality, documenting the physiological responses during sexual activity.

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond to the sex they were assigned at birth.