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  3. Study Set
    Fundamentals of Taxation
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    Exam 6: Self-Employed Business Income Line 12 of Form 1040 and Schedule C
  5. Question
    If Inventory Is a Material Amount,what Method of Accounting Is
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If Inventory Is a Material Amount,what Method of Accounting Is

Question 19

Question 19

Multiple Choice

If inventory is a material amount,what method of accounting is acceptable for a sole proprietorship to use?


A) The cash method.
B) Accrual method.
C) Hybrid method.
D) Both Accrual method and Hybrid method.

Correct Answer:

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