The Fact That the Accounting Method the Taxpayer Uses to Measure

question 34

True/False

The fact that the accounting method the taxpayer uses to measure income is consistent with GAAP does not assure that the method will be acceptable for tax purposes.

---

Definitions:

Diurnal Isolation

Diurnal isolation is a form of reproductive isolation where species may share the same habitat but are active at different times of the day, thus preventing mating.

Sexual Isolation

A form of reproductive isolation where different species are unable to mate or produce fertile offspring due to behavioral or physical differences.

Habitat Isolation

A prezygotic reproductive isolating mechanism in which reproduction between similar species is prevented because they live and breed in different habitats.

Interbreed

To produce offspring by mating individuals of different species, breeds, varieties, etc.