A new corporation may generally select one of the following accounting methods with the exception of
A)cash method.
B)accrual method.
C)retail method.
D)hybrid method.

Question

Quizplus · Accepted Answer

The retail method is not a general accounting method that a new corporation can choose for its overall financial accounting. The primary methods available are cash, accrual, and hybrid. The retail method is specifically used for inventory accounting in retail businesses and not as a comprehensive accounting method for a corporation.

A New Corporation May Generally Select One of the Following