Which of the Following Statements Concerning the Cash Method of Accounting

Which of the following statements concerning the cash method of accounting is true?

A) A cash basis taxpayer who is in constructive receipt of an income item must recognize that income, even if the item is not in the taxpayer's actual possession.
B) A cash basis taxpayer can deduct the purchase cost of business equipment.
C) A cash basis taxpayer does not recognize gross income on receipt of an economic benefit unless that benefit consists of money.
D) A cash basis taxpayer can deduct interest when it is paid, regardless of the time period for which the interest is charged.