Which of the Following Is a True Statement About Impermissible

question 59

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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Definitions:

3-ethyl-3-methylhexane

A branched alkane with the formula C8H18, having an ethyl and a methyl group on the third carbon of the hexane chain.

Ethyl

A univalent radical, C2H5, derived from ethane and forming many compounds, used in chemical synthesis.

Methyl

A hydrocarbon group, CH3, often acting as a substituent in organic molecules.

Structures Below

Generally refers to a graphical representation of the spatial arrangement of atoms and the bonds between them which appears in the subsequent part of a document or presentation.