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A taxpayer obtains permission to change an accounting method. The change will result in a positive adjustment to income. To help in managing its cash
A taxpayer obtains permission to change an accounting method. The change will result in a positive adjustment to income. To help in managing its cash flow, the taxpayer would like to spread the change over multiple years. In order to take advantage of this opportunity, the net positive adjustment must exceed
A) $0.
B) $3,000.
C) $10,000.
D) $25,000.
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