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Under the cash method of tax accounting, tax deductions are taken when: Question 5 options:
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Question

Under the cash method of tax accounting, tax deductions are taken when:

Question 5 options:


1) 

Expenditures are made


2) 

There is a fixed and determinable liability


3) 

The taxpayer elects to take the deduction


4) 

None of the above

Step-by-step answer

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Subject: Accounting, Business

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