Except in a Few Specific Circumstances,once Adopted,an Accounting Period May

question 91

True/False

Except in a few specific circumstances,once adopted,an accounting period may be changed without IRS approval.

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Definitions:

Sexual Reproduction

A biological process by which new individual organisms are produced through the combination of genetic materials from two different cells.

Asexual Reproduction

A mode of reproduction by which offspring arise from a single organism, and inherit the genes of that parent only; does not involve the joining of gametes.

Crossing Over

A process during meiosis where homologous chromosomes exchange genetic material, leading to genetic diversity.

Prophase I

The first phase of meiosis I during which chromosomes condense, homologous chromosomes pair up, and crossing over may occur, contributing to genetic diversity.