As a General Rule,C Corporations Must Use the Cash Method

question 60

True/False

As a general rule,C corporations must use the cash method of accounting.However,under several exceptions to this rule (e.g.,average annual gross receipts of $5 million or less for the most recent 3-year period),a C corporation can use the accrual method.

Distinguish between effective and ineffective sentence structures in business writing.

Evaluate the role of audience analysis and benefits in crafting business messages.

Comprehend the importance and application of precise, vigorous wording in business communication.

Understand the transmission process of information from sender to receiver in business communication.

---

Definitions:

Miscarriage

The spontaneous loss of a pregnancy before the fetus is able to survive outside the uterus, typically before 20 weeks of gestation.

Stillbirth

The birth of a dead fetus.

Folic Acid

A B-vitamin essential for cell growth and development, often recommended during pregnancy to prevent birth defects.

Neural Tube Defects

Birth defects of the brain, spine, or spinal cord occurring in the early stages of pregnancy due to incomplete development of the neural tube.