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Which of the following statements is false? ...

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Question

Accounting

Which of the following statements is false?

A.

A useful strategy cash basis taxpayers may use to legally defer recognition of income is to delay billing and collection of fees for services until after the end of the tax year.

B.

Generally speaking cash basis taxpayers have a greater degree of control over the timing of income and expense than an accrual basis taxpayer.

C.

It is always a good tax planning strategy to defer income and accelerate deductions whenever possible.

D.

All of the above are true.

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