Question
Refinement, an S corporation reports the following gross receipts for various tax years ($ millions): 2014 $20.00 2017 $30.00 2015 $27.00 2018 $20.00 2016 $24.00
Refinement, an S corporation reports the following gross receipts for various tax years ($ millions):
| 2014 | $20.00 | 2017 | $30.00 |
| 2015 | $27.00 | 2018 | $20.00 |
| 2016 | $24.00 | 2019 | $37.00 |
The first year Refinement is no longer able to use the cash method of accounting is:
a. 2016
b. 2017
c. 2018
d. 2019
e. 2020
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Financial Accounting Financial Accounting Acc 201 College Of Southern Nevada
Authors: Weygandt. Kimmel. Kieso
13th Edition
1118742966, 978-1118742969
