Which of the Following Is a True Statement About Accounting

question 61

Multiple Choice

Which of the following is a true statement about accounting for business activities?

• A)An overall accounting method can only be adopted with the permission of the Commissioner.
• B)An overall accounting method is initially adopted on the first return filed for the business.
• C)The cash method can only be adopted by individual taxpayers.
• D)The accrual method can only be adopted by corporate taxpayers.
• E)None of the choices are true.

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Definitions:

Job Demands

The physical, psychological, social, or organizational aspects of a job that require sustained effort and skills, and are therefore associated with certain physiological or psychological costs.

Presenteeism

The act of attending work while not fully functioning due to illness or other medical conditions, which can reduce productivity and effectiveness.

Pressure

The feeling of stress or urgency caused by the demands and expectations of others or oneself.

Work Stress

The adverse reaction people have to excessive pressures or other types of demand placed on them at work.