27. For purposes of the accrual method of accounting, the economic performance test is met when A) the property or services are actually provided. B) the amount of the item can be reasonably estimated. C) all events have occurred that establish the fact of a liability. D) all events have occurred that fix the taxpayer's right to receive income. 28. Which of the following statements regarding UNICAP is incorrect? A) The UNICAP rules result in more costs being included in inventory for tax purposes than for financial accounting. B) Taxpayers with gross receipts averaging more than $26,000,000 or more for the prior three years must apply the UNICAP provisions. C) Interest must be included in inventory if the property produced is real property or long-lived property. D) UNICAP requires that advertising and selling costs be allocated between inventory and cost of sales. 29. Inventory may be valued on the tax return at the lower of cost or market unless A) replacement cost is higher than historical cost. B) the taxpayer determines inventory cost using the LIFO method. C) the taxpayer determines inventory cost using the FIFO method. D) the cash method of accounting is used by the taxpayer