Which of the following is a true statement regarding the cash method of accounting? A...
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Accounting
Which of the following is a true statement regarding the cash method of accounting? A A check does not constitute payment until it's cashed. B Cash basis taxpayers generally take deductions in the year items are actually or constructively paid. C If a taxpayer can unconditionally demand income from another party, it's not taxed to the taxpayer until demand is made. D Receipt of a check by the taxpayer's agent is considered receipt by the taxpayer.
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