A Taxpayer May Use a Combination of Accounting Methods as Long

question 72

True/False

A taxpayer may use a combination of accounting methods as long as income is clearly reflected.

---

Definitions:

Geographic Region

A specific area or part of the world, or a general area with similar characteristics (climate, landscape, population), often studied in geography.

Economic Occupation

The occupation or control of a territory or country by foreign military forces primarily for economic gain.

Specie Circular

An 1836 executive order by President Andrew Jackson that required payment for government land to be in gold or silver, leading to a shortage of specie.

Gold or Silver

Refers to the historical debate and political movement in the late 19th century United States advocating for the free coinage of silver in addition to gold to expand the money supply.