Which of the Following Is a True Statement About a Request

question 23

Multiple Choice

Which of the following is a true statement about a request for a change in accounting method?

• A)Some requests are automatically granted.
• B)Most requests require the permission of the commissioner.
• C)Many requests require payment of a fee and a good business purpose for the change.
• D)Form 3115 is typically required to be filed with a request for change in accounting method.
• E)All of the choices are true.

---

Definitions:

Guarantor

An individual or entity that agrees to be responsible for another's debt or obligations in case of default.

Obligee

In contract law, the party to whom another party owes an obligation.

Specially Manufactured Goods

Products that are custom-made to a buyer's specifications, often not suitable for sale to others.

Oral

relates to spoken rather than written communication, often used in contexts such as contracts, agreements, or testimonies.