When is income considered to be earned by an accrual-basis taxpayer?

A.

Income is considered to be earned by an accrual-basis taxpayer when all the events have occurred which fix the right to receive the income and the amount of income can be determined with reasonable accuracy.

B.

An accrual-basis taxpayer earns income when all payments for services or products are received and the amount of income can be determined with reasonable accuracy.

C.

An accrual-basis taxpayer earns income when title has transferred and all payments are received.

D.

Income is considered to be earned by an accrual-basis taxpayer when all services have been rendered whether or not the amount of income can be determined with reasonable accuracy.