In Regards to Accounting Methods

question 8

Multiple Choice

In regards to accounting methods:

• A)The accrual method requires income to be recognized when money is received.
• B)The business must make an election for its overall method of accounting when filing its first tax return.
• C)The business may change accounting methods on its tax return anytime.
• D)The cash method requires the deduction of expenses when all activities related to the expense have been performed.

---

Definitions:

IR Absorption

A technique in spectroscopy where molecules absorb infrared light, causing vibrational transitions, used to identify chemical compounds.

IR Absorption

The process by which molecules absorb infrared radiation at specific wavelengths corresponding to vibrations of molecular bonds.

Characteristic IR Stretches

Characteristic Infrared (IR) Stretches are specific absorption bands in IR spectroscopy that correspond to the vibrations of molecular bonds, helping to identify functional groups within a molecule.

C≡C Stretch

A vibrational mode observed in infrared spectroscopy, characteristic of the stretching of a carbon-carbon triple bond.