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WFO Corporation has gross receipts according to the following schedule: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 $25.00 million $24.00
WFO Corporation has gross receipts according to the following schedule: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 $25.00 million $24.00 million $24.00 million $24.50 million $32.00 million $ 27.00 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? Multiple Choice Year 3 Year 4 Year 5 Year 6 None of the choices is correct.
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