Which One of the Following Entities Cannot Use the Cash

question 44

Multiple Choice

Which one of the following entities cannot use the cash method for tax purposes?

• A)A large almond farm with $40 million in gross receipts.
• B)A continuing education provider with $2 million in gross receipts and 20 employees.
• C)A nationwide law firm with $5.4 million in gross receipts.
• D)A small sole proprietorship with $150,000 in gross receipts.
• E)All of the above may use the cash method.

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Definitions:

Ivan Pavlov

A Russian physiologist best known for his discovery of classical conditioning during his study of digestive processes.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought processes.

Applied Problems

Practical issues or problems that require solutions, often addressed through the application of scientific knowledge and techniques.

Mental Disorders

Health conditions involving changes in emotion, thinking, or behavior (or a combination of these), associated with distress and/or impaired functioning.