Which of the Following Is a True Statement About Impermissible

question 83

Multiple Choice

Which of the following is a true statement about impermissible accounting methods?

• A) An impermissible method may never be used by a taxpayer.
• B) Cash method accounting is an impermissible method for partnerships and Subchapter S electing corporations.
• C) An impermissible method is adopted by using the method to report results for two consecutive years.
• D) There is no accounting method that is impermissible.
• E) None of the choices are true.

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