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Author Question: Prior Corp. plans to change its method of accounting for supplies. Both the old and new methods are ... (Read 41 times)

cmoore54

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on: Sep 13, 2020
Prior Corp. plans to change its method of accounting for supplies.  Both the old and new methods are acceptable.  Which of the following statements is correct regarding the change?
◦ The taxpayer will need to amend prior returns to reflect the new method.
◦ The taxpayer will report the full amount of change in the current tax return.
◦ The taxpayer will report the net adjustment over four years.
◦ The taxpayer will report the net adjustment and pay the tax when it files the Form 3115.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by cmoore54 on Sep 13, 2020

JaynaD87

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cmoore54

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

patma1981

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Reply 3 on: Yesterday
Excellent

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