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A Partnership May Use the Cash Method Despite Having a Corporate

Question 88

Multiple Choice

A partnership may use the cash method despite having a corporate partner when the partnership's average gross receipts for the prior three taxable years don't exceed ________.


A) $5,000,000.
B) $1,000,000.
C) $25,000,000.
D) Partnerships may never use the cash method if they have corporate partners.

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