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:

Extremities

Refers to the outermost parts of the body, including hands, feet, legs, and arms.

Psychoanalytic Theory

A set of theories originated by Sigmund Freud, which posit that human behavior is deeply influenced by unconscious motives and conflicts.

Freud

Sigmund Freud, an Austrian neurologist known for founding psychoanalysis, a method for treating psychopathology.