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Which of the following statements about methods of accounting is false? a. The IRS has the right to determine if a taxpayers method of accounting
Which of the following statements about methods of accounting is false? a. The IRS has the right to determine if a taxpayers method of accounting clearly reflects the taxpayers income. b. A taxpayer must request permission from the IRS to change its method of accounting for tax purposes. c. A taxpayer engaged in more than one business can use a different method of accounting for each business. d. Taxpayers must use the same method of accounting to compute taxable income as they use to compute financial statement income
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