Ch 5 Quiz - past three years True X rarce 2 Arn accntal...

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San Jose State University Busihess 123A Spring 2009 Name '9:00 Quiz Chapter 5: l' A "C" corporation, that is a qualified personal service corporation, ffiay use the cash method of accounting even if gross receipts have averaged more than $15 million for the
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Unformatted text preview: past three years. True X rarce \/ 2. Arn accntal basis taxpayer must include the receipt of prepaid interest, rent, or royalty in income in,the year received, even though it may not have been earned. True False /...
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This note was uploaded on 09/08/2010 for the course BUS 123A at San Jose State.

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