14) For a cash method taxpayer, expenses paid with borrowed funds are deductible in the year in which the loan is repaid. True or False

15) In general, a CPA on the cash basis method will never have a bad debt deduction. True or False

16) A cash-basis taxpayer may deduct prepaid business expenses currently regardless of the period of time to which the expenses relate. True or False

17) A cash-basis taxpayer must always include checks in income in the year received. True or False