Ben company paid for a business expense using a credit card on december 21, 2017. The balance on the credit card for the december business expense was paid on january 7,2018. when should Ben company take the deduction for the business expense?

Ben company should take the deduction in 2018 if Ben is a cash basis tax payer.

Ben company can elect to take the deduction in either 2017 or 2018 if thre company is an accrual basis taxpayer

Ben company should take the tax deduction in 2017

Ben company should take the deduction in 2018 if Ben is an accrual basis taxpayer