Which of the Following Businesses Must Use the Accrual Method

question 45

Multiple Choice

Which of the following businesses must use the accrual method of accounting to account for all or a part of its operations?

• A)F Gas Corporation, a chain of 10 gas stations owned and operated by F.The corporation has gross receipts of $3 million annually.
• B)The Clinic.This corporation is owned and operated by 80 physicians who provide a variety of health care services to the citizens of Houston.Annual billings to insurance companies and patients monthly exceed $20 million.
• C)Whitewater Rafting of Idaho is a partnership owned by B and T.Gross receipts for the past several years have averaged $100,000.
• D)D Drilling, a partnership owned by J and A.The partnership operates oil drilling rigs all over the world.Annual gross receipts consistently exceed $8 million.
• E)More than one of the above and these are__________.

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Definitions:

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A psychological theory that predicts an individual's intention to engage in a behavior based on three factors: attitude toward the behavior, subjective norms, and perceived behavioral control.

Model Components

The essential parts or elements that make up a theoretical framework or model.

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Assistance offered through empathy, concern, and love to help a person deal with emotional stress or challenges.