If a Taxpayer Owes Interest, Economic Performance Occurs

Multiple Choice

If a taxpayer owes interest, economic performance occurs
I.with the passage of time.
II.when the all-events test is met.
III.when payments are made by the taxpayer.
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A) Only statement I is correct.
B) Only statement II is correct.
C) Only statement III is correct.
D) Statements II and III are correct.
E) Statements I, II, and III are correct.