Choose the correct word in parentheses. The programmers and Liza (has, have) a design for the website
have
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ACME Partnership has had the following gross receipts since its formation: $21.8 million in 2019, $24.6 million in 2020, $28.8 million in 2021, $23 million in 2022, and $32 million in 2023. ACME is not a tax shelter. Partner Meile, Inc. is a C corporation. In which tax years (2019 to 2023) must ACME use the accrual method?
A. 2019 and all following years, because it has a partner that is a C corporation. B. 2021 to 2023, because gross receipts are more than $25 million in 2021. C. 2022 and 2023, because average annual gross receipts are more than $25 million in 2021. D. 2021 and 2023 because those are the only years in which gross receipts exceeded $25 million. E. ACME can always use the cash method because it is not a tax shelter.?
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