Which of the Following Statements Is Always True Regarding Accounting

question 88

Multiple Choice

Which of the following statements is always true regarding accounting methods available to a partnership?

• A)If a partnership is a tax shelter, it can use the cash method of accounting.
• B)If a non-tax-shelter partnership had "average annual gross receipts" of less than $5 million in all prior years, it can use the cash method.
• C)If a partnership has a partner that is a personal service corporation, it cannot use the cash method.
• D)If a partnership has a partner that is a C corporation, it cannot use the cash method.
• E)All of the above statements are false.

---

Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned response.

Prior Learning

Refers to the knowledge and skills that a person has acquired before a particular point in time or before new learning experiences.

Libidinal Energy

A psychoanalytic concept referring to the psychic drive or energy associated with sexual desires and instincts.

Erogenous Zones

Specific areas on the body which, when stimulated, produce sexual arousal or pleasure.