Which of the Following Businesses Can Use the Cash Method

question 92

Multiple Choice

Which of the following businesses can use the cash method?
I.The Hateris Group,a partnership with 3 equal partners,of which one is The Hillard Corporation.Average revenues for the Hateris Group,a financial planning firm,over the last three years are $4,000,000.
II.The Glidder Corporation,a clothing retailer that has average annual sales over the last three years are $2,100,000.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Aversive Racists

Individuals who profess egalitarian values yet possess negative feelings and beliefs towards a racial group subconsciously.

Racist Beliefs

Refers to prejudiced views and assumptions that one race is superior or inferior to another, often leading to discrimination and social inequalities.

Prejudiced

Holding preconceived opinions or judgments about people or groups without proper knowledge, often leading to unfair treatment or discrimination.

Allocentric

A perspective that prioritizes the group or collective over the self, often emphasizing community and cooperation.