Question: Which is not true about the realization principle O Under this principle, only unearned income is realized. O Under this principle, income is realized

Which is not true about the realization principle O Under this principle,

Which is not true about the realization principle O Under this principle, only unearned income is realized. O Under this principle, income is realized when a taxpayer engages in a transaction with another party. O Under this principe, income is realized when the transaction results in a measurable change in property rights. O The concept of realization for tax purposes closely parallels the concept of realization for financial accounting purposes.

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