WFO Corporation has gross receipts according to the following schedule: If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method?
A)Year 3.
B)Year 4.
C)Year 5.
D)Year 6.
E)None of the choices are correct.

Question

WFO Corporation has gross receipts according to the following schedule:  If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method?
A)Year 3. 
B)Year 4. 
C)Year 5. 
D)Year 6. 
E)None of the choices are correct.

Quizplus · Accepted Answer

The Answer of WFO Corporation has gross receipts according to the following schedule:  If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method?
A)Year 3. 
B)Year 4. 
C)Year 5. 
D)Year 6. 
E)None of the choices are correct.

WFO Corporation Has Gross Receipts According to the Following Schedule