Quiz 1 - Quiz 1 Points Possible Points Earned Points Missed...

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      Quiz 1    Points Possible  10  Points Earned  10  Points Missed  0  Points Ungraded  0  Score  100.0% 1. (T/F)  Tax accounting methods are concerned with the proper time for inclusion of  income or taking a deduction.  Response: TRUE Answer: TRUE  Points: 1 / 1 2. (T/F)  A proper accounting method must clearly reflect the taxpayer's income. Response: TRUE Answer: TRUE  Points: 1 / 1 3. (T/F)  The only tax accounting methods allowed are cash and accrual. Response: FALSE Answer: FALSE  Points: 1 / 1 4. The Internal Revenue Code section that establishes general rules for methods of  accounting is § Response: 446 Answer: 446  Points: 1 / 1 5. (T/F)  The Internal Revenue Code requires a person to prepare a tax return using  the same method of accounting that is used maintaining the person's financial  records (books).  Response: TRUE Answer: TRUE  Points: 1 / 1 6. (T/F)
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Quiz 1 - Quiz 1 Points Possible Points Earned Points Missed...

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