7. Which of the following methods of accounting is never permissible for computing taxable income? A. Cash receipts and disbursements method B. Accrual method C.
7. Which of the following methods of accounting is never permissible for computing taxable income?
A. Cash receipts and disbursements method
B. Accrual method
C. Hybrid method that combines the cash and accrual methods
D.All of the above are permissible methods of accounting
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Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young, Rajiv D. Banker, Pajiv D. Banker
3rd Edition
9780130101952
