In General,a Change in Accounting Method Must Be Approved by the IRS

question 60

True/False

In general,a change in accounting method must be approved by the IRS.

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Definitions:

Genes

are units of heredity made up of DNA that act as instructions to make molecules called proteins, playing a vital role in determining biological traits.

Amino Acids

Organic compounds that combine to form proteins, playing crucial roles in body processes like the synthesis of neurotransmitters and hormones.

Proteins

Large molecules made up of amino acids, essential to the structure, function, and regulation of the body's cells, tissues, and organs.

Chromosomes

Structures made of DNA and proteins found in the nucleus of cells, responsible for carrying and transmitting genetic information.