A CPA practice that is incorporated earns two-thirds of its annual revenues in the months of February,March,and April.Because the CPA practice is a professional services corporation (PSC),it must use a calendar year to report its income.

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The Answer of A CPA practice that is incorporated earns two-thirds of its annual revenues in the months of February,March,and April.Because the CPA practice is a professional services corporation (PSC),it must use a calendar year to report its income.

A CPA Practice That Is Incorporated Earns Two-Thirds of Its