BTW Corporation, an accrual$-$based taxpayer, receives a $$300,000$ down payment for services that are to be rendered next year. For financial statement purposes, the payment is treated as revenue and included in income during the current year. Which is correct about the payment for tax purposes?

A$.$

The payment can be deferred until it is fixed and determinable

B$.$

The payment can be deferred up to $1$ year.

C$.$

The payment must be recognized as income in the current period because it was recognized for financial statement purposes.

D$.$

The payment isn$$t recognized until earned under the accrual method of accounting using the all events test.