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The selection of an accounting method for tax purposes by a newly incorporated C corporation: a. Is made on the initial tax return by using

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The selection of an accounting method for tax purposes by a newly incorporated C corporation: a. Is made on the initial tax return by using the chosen method. b. Must first be approved by the company's board of directors. c. Is made by filing a request for a private letter ruling from the IRS. Must be disclosed in the company's organizing documents. d

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