Which of the Following Is a True Statement About Impermissible

question 75

Multiple Choice

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

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

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