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nder the cash method of accounting, all of the following are true with the exception of: A. Gross income includes the value of property received.
nder the cash method of accounting, all of the following are true with the exception of: A. Gross income includes the value of property received. B. Fixed assets are always expensed as the taxpayer pays for the assets. C. To some extent, a taxpayer may control the year in which an expense is deductible by choosing when to make the payment. D. Income is reported in the tax year in which payments are actually or constructively received.
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