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6. WFO Corporation has gross receipts according to the following schedule: Year 1 $2 million Year 2 $4 million Year 3 $6 million Year 4
6. WFO Corporation has gross receipts according to the following schedule: Year 1 $2 million Year 2 $4 million Year 3 $6 million Year 4 $4.5 million Year 5 $5 million Year 6 $7 million If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method?
A. Year 3
B. Year
4 C. Year
5 D. Year
6 E. None of these.
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