Which of the Following Is a True Statement About Impermissible

question 87

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 these is true.

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Definitions:

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Reduced desire to eat, which can be a symptom of various medical conditions or may occur as a side effect of certain treatments.

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A viral infectious disease of the upper respiratory tract that primarily affects the nose, throat, sinuses, and larynx.

Influenza

A highly contagious viral infection of the respiratory passages causing fever, severe aching, and often leading to serious complications.