Which of the Following Must Use the Accrual Method of Accounting

question 12

Multiple Choice

Which of the following must use the accrual method of accounting?

• A)All of the above must use the accrual method.
• B)None of the above must use the accrual method.
• C)Only I and III must use the accrual method.
• D)Only I must use the accrual method.
• E)Only III must use the accrual method.

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Definitions:

Cambrian Period

A geological era approximately 541 million years ago, marked by a rapid diversification of life forms and the appearance of many major groups of animals.

Evolutionary Faunas

Groups of animals that share a common evolutionary history and are identified in the fossil record over large geographical areas and timelines.

Sepkoski

Refers to Jack Sepkoski, a paleontologist known for his work on the biodiversity and extinction events of marine animal families through geologic time.

Arthropods

Arthropods are a phylum of invertebrate animals with exoskeletons, segmented bodies, and jointed limbs, including insects, arachnids, and crustaceans.