Question: Which one of the following statements correctly describes the manner in which taxes are adjusted? Group of answer choices If the seller has already paid the current year's taxes, the seller must be given a credit of the taxes from the adjustment date to December 31. If the taxes are overdue and a penalty is owing, both the amount of the taxes and the penalty must be apportioned between the buyer and the seller. If the taxes are not yet due, no adjustment is made until the tax bill arrives. All of the above are correct.