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    Federal Taxation
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    Exam 19: Gross Income: Inclusions
  5. Question
    A Consulting Firm,organized as Partnership and Owned by 20 Individual
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A Consulting Firm,organized as Partnership and Owned by 20 Individual

Question 81

Question 81

True/False

A consulting firm,organized as partnership and owned by 20 individual partners,reports about $40 million of gross receipts per year.The partnership must use the accrual method.

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