Indicate whether the following statements are applicable to the "Cash receipts method" or the "Accrual method" of accounting.

a$.$ Property or services received are included in the taxpayer's gross income in the year of actual or constructive receipt by the taxpayer or agent, regardless of whether the income was earned in that year. Cash receipts method$/$Accrual method

b$.$ An item is generally included in gross income for the year in which it is earned, regardless of when it is collected. Cash receipts method$/$Accrual method

c$.$ All that is necessary for income recognition is that property or services received have a fair market value$$a cash equivalent. Cash receipts method$/$Accrual method

d$.$ The income is earned when $(1)$ all events have occurred that fix the right to receive such income and $(2)$ the amount to be received can be determined with reasonable accuracy. Cash receipts method$/$Accrual method