Vector Corporation has been using an incorrect method in accounting for supplies expense. It can change to the correct method without filing 3115.

Answer the following statement true (T) or false (F)


False

While approval for a change from an incorrect to correct accounting method may be automatic, Form 3115 must still be filed.

Business

You might also like to view...

A patent holder should mark its product as patented in order to achieve the fullest protections. Each of the following is an acceptable means of marking the product except

A. writing the word patent on the item or its packaging. B. writing pat. on the item or its packaging. C. placing the patent number on the item or its packaging. D. placing a P in a circle on the item or its packaging.

Business

Methods that ignore present value in capital investment analysis include the average rate of return method

Indicate whether the statement is true or false

Business

Kollenberg's sold a substantial part of its equipment to Castillo Brothers. Nothing else was involved in the sale. The sale of the equipment is a bulk transfer under the Code

Indicate whether the statement is true or false

Business

Most often, the opinions of a firm's personnel are used to develop the advertising platform.

a. true b. false

Business