Taxation on Accrual Is Best Defined As

Taxation on accrual is best defined as:

A) the extent to which taxpayers can deduct net losses on investments from their taxable income.
B) taxes paid on an asset's return only when that asset is sold.
C) taxes paid each period on the return earned by an asset in that period.
D) capital gains tax cuts that apply only to investments made from this day forward.