A Taxpayer Obtains Permission to Change an Accounting Method

question 99

Multiple Choice

A taxpayer obtains permission to change an accounting method.The change will result in a positive adjustment to income.To help in managing its cash flow,the taxpayer would like to spread the change over multiple years.In order to take advantage of this opportunity,the net positive adjustment must exceed

• A)$25,000.
• B)$3,000.
• C)$10,000.
• D)$0.

---

Definitions:

Axon Hillocks

A specialized part of the cell body (or soma) of a neuron that connects to the axon, playing a critical role in the generation of action potentials.

Neurofibrils

Fine, filamentous structures within nerve cells that provide support and are involved in the transmission of impulses.

Telodendria

Fine extensions of the distal ends of neurons that spread out to make synaptic connections with other cells.

Nerve Fibers

Long, slender projections of neurons that transmit electrical impulses across the nervous system.