The first accounting method for a firm is adopted by:

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 10MC: Which of the following is the principle that a business must report any business activities that...
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The first accounting method for a firm is adopted by:
a. filing Form 3115.
b. filing a tax return.
c. complying with Rev. Proc. 97-27.
d. Filing Form 872A.
e. None of the above.
Transcribed Image Text:The first accounting method for a firm is adopted by: a. filing Form 3115. b. filing a tax return. c. complying with Rev. Proc. 97-27. d. Filing Form 872A. e. None of the above.
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