Which One of the Following Entities Cannot Use the Cash

question 2

Multiple Choice

Which one of the following entities cannot use the cash method for tax purposes?

• A)A large almond farm with $40 million in gross receipts.
• B)A continuing education provider with $2 million in gross receipts and 20 employees.
• C)A law firm operating as a personal service corporation with $5.4 million in gross receipts.
• D)A small sole proprietorship with $150,000 in gross receipts.
• E)All of the above may use the cash method.

---

Definitions:

Solid-Waste Problem

The challenge related to managing and disposing of the increasing volume of solid waste generated by human activities.

Microwave Dinners

Pre-packaged frozen or refrigerated meals that are designed to be quickly heated and eaten, typically in a microwave oven.

Landfill Space

A designated area where waste is disposed of by burying it and covering it over with soil.

Tragedy Of The Commons

An economic theory describing how individual users acting independently according to their own self-interest behave contrary to the common good by depleting or spoiling shared resources.