Which of the following businesses can't use the cash receipts and disbursement method of accounting for tax purposes?
A. Partnership of individuals with $20 million average annual gross receipts
B. Corporation with $50 million average annual gross receipts
C. Personal service corporation with $50 million average annual gross receipts
D. Sole proprietorship with $8 million average annual gross receipts
Answer: B
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Fill in the blank(s) with the appropriate word(s).
Sources of federal law include all but which of the following?
A) Rules of administrative agencies B) Decisions of federal courts C) Executive orders of the President of the United States D) Hearings before the Senate
Class name must be a ________
A) noun B) noun phrase C) either A or B D) neither A nor B
The term ________ refers to investors who anticipate increases in stock prices.
A. dogs B. lions C. bears D. bulls