Google Core te webcam Save Unanswered 03 is the following statement TRUE or FALSE? "A loss or outgoing is incurred where the taxpayer has completely subjected itself to the loss or outgoing in the sense that the taxpayer has a presently existing liability in respect of it, as distinct from a mere "impending, threatened or expected liability regardless of whether the loss or outgoing connot be precisely determined at that time and even though payment of the loss or outgoing may not have yet been made." Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a TRUE b FALSE Savev