Which of the Following Methods of Accounting Is Never Permissible

question 84

Multiple Choice

Which of the following methods of accounting is never permissible for computing taxable income?

• A) Cash receipts and disbursements method
• B) Accrual method
• C) Hybrid method that combines the cash and accrual methods
• D) All of the above are permissible methods of accounting.

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Definitions:

Pronouns

Words used to substitute for nouns, often to avoid repetition and denote possession, gender, or openness.

Egalitarianism

A principle that emphasizes equality, advocating for equal rights and opportunities within a group or society.

Cultural Value

The beliefs, norms, and practices that are considered important in a certain culture, shaping the behavior and mindset of its members.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture, emphasizing the avoidance of ethnocentric judgments.