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Author Question: Owners of pass-through entities may defer income recognition by selecting a different tax year for ... (Read 52 times)

Bernana

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on: Sep 13, 2020

Question 1

A corporation is starting to produce watches with smart phone capabilities. Generally, a business producing this type of product will want to elect the LIFO inventory method.
◦ true
◦ false

Question 2

Owners of pass-through entities may defer income recognition by selecting a different tax year for the business if at least 25% of the business revenues occur during the last two months of the proposed year.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by Bernana on Sep 13, 2020

pallen55

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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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Bernana

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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