Which of the Following Is a True Statement About a Request

question 44

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.

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Definitions:

Giraffe

A tall mammal native to Africa, known for its long neck, which enables it to access leaves and buds in the tops of trees.

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High-quality porcelain tableware that is often used for special occasions and is valued for its beauty and durability.

Succulent Lobster

Refers to a lobster dish known for its juicy, tender, and flavorful meat.

Cheesecake

A sweet dessert consisting of a mixture of soft, fresh cheese, eggs, and sugar on a crust made from crushed cookies or graham crackers.