Reword the following answer: Answer: O b. A loss or outgoing shall not be incurred, if the taxpayer is unable to precisely determine its amount at the time the event that causes it happens. Explanation: The statement in option b is incorrect because, under tax law, a loss or outgoing can still be considered "incurred" even if the exact amount cannot be precisely determined at the time the event occurs. What is important is that there is a presently existing liability or obligation to pay, even if the exact amount is not yet known. This is consistent with the principle that an outgoing or loss can be incurred without an actual payment being made, as long as there is a legal obligation to pay. Therefore, the inability to determine the precise amount does not prevent the outgoing from being considered incurred