In Order to Secure Prior Approval for a Change in Accounting

question 60

Multiple Choice

In order to secure prior approval for a change in accounting period, the taxpayer:

• A) need do nothing, just file the short period return by its due date
• B) file Form 1040 requesting approval of the change
• C) file Form 1128 requesting approval of the change
• D) file Form 1120 requesting approval of the change

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Definitions:

Colposcopic Examination

A medical diagnostic procedure to examine an illuminated, magnified view of the cervix and the tissues of the vagina and vulva.

Pap Smear

A screening procedure for cervical cancer involving the collection of cells from a woman's cervix to check for abnormalities.

Squamous Carcinoma

A type of cancer that forms in squamous cells, which are flat cells lining various parts of the body, such as the skin, mouth, and lungs.

5-year Survival Rate

A statistical measure indicating the percentage of people who are alive five years after being diagnosed with a certain disease or health condition.