It is late December 2012 and Jones Company, a calendar year taxpayer, wants to shift income from 2012 to 2013. Which of the following methods will not achieve its objective?

Question

Quizplus · Accepted Answer

Since inventories are an income-producing factor then the accrual basis must be used to account for them. However, a cash basis taxpayer can use the cash basis for all other transactions.

It Is Late December 2012 and Jones Company, a Calendar