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Which statements are true regarding the realization of income? a. All realized income is recognized income. b. Realization can occur as a result of bartering.

Which statements are true regarding the realization of income?

a. All realized income is recognized income.

b. Realization can occur as a result of bartering.

c. Payment of the taxpayer's indebtedness can trigger the realization of income.

d. The realization of income can only occur from the receipt of cash

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