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:

Solar Energy

Energy derived from the sun's rays, which can be converted into other forms of energy such as electricity or heat.

Electron Transport

A series of chemical reactions within a cell that transfers electrons from donor molecules to acceptor molecules, creating energy.

Photosystem I

A complex of proteins and pigments in chloroplasts that absorbs light during photosynthesis, playing a key role in the light-dependent reactions by passing electrons to a series of electron carriers.

Photosystem II

A component of the chloroplasts in plants and algae involved in the light-dependent reactions of photosynthesis, particularly in water-splitting and oxygen production.