Which of the Following Is a True Statement About a Request

question 76

Multiple Choice

Which of the following is a true statement about a request for a change in accounting method?

• A) Some requests are automatically granted.
• B) Form 3115 is required to be filed with a request for change in accounting method.
• C) Many requests require payment of a fee and a good business purpose for the change.
• D) Most requests require the permission of the Commissioner.
• E) All of the choices are true.

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Definitions:

Sensation Seeking

A personality trait defined by the search for experiences and feelings that are varied, novel, complex, and intense, and by the readiness to take physical, social, legal, and financial risks for the sake of such experiences.

Genetic Expression

The process by which information from a gene is used to direct the synthesis of proteins or to produce a functional gene product, influencing an organism's characteristics.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops. It includes the culture that the individual was educated or lives in, and the people and institutions with whom they interact.

Shared Family Environments

The aspects of the family's emotional, physical, and social milieu that are experienced commonly by its members.