For purposes of the accrual method of accounting the


For purposes of the accrual method of accounting, the economic performance test is met when

a. all events have occurred that establish the fact of a liability

b. the property or services are actually provided

c. all events have occurred that fix the tax payers’ right to receive income

d. the amount of the item can be reasonably estimated

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Financial Accounting: For purposes of the accrual method of accounting the
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