Which of the following businesses can't use the cash receipts and disbursement method of accounting for tax purposes?
A) A sole proprietorship with $8 million average annual gross receipts
B) A corporation with $15 million average annual gross receipts
C) A partnership of individuals with $20 million average annual gross receipts
D) A personal service corporation with $50 million average annual gross receipts
Correct Answer:
Verified
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