True/False
The Greene Partnership had average annual gross receipts for the past three years of $4.8 million,and has never had average annual gross receipts above $5 million.One of the partners is Jackson,Inc.,a Subchapter C corporation.Because Greene meets the average annual gross receipts test,it may use the cash method of accounting even though it has a partner that is a Subchapter C corporation.
Correct Answer:
Verified
Correct Answer:
Verified
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