Under the accrual method, recurring liabilities may be deducted currently and paid in the next period if all of the following are present except for
A. the expense is material.
B. economic performance occurs within the shorter of 8 1/2 months after the close of the year or a reasonable period after the close of the year.
C. the expense is recurring.
D. the all-events test is met.
Answer: A
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