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As a general rule, C corporations must use the cash method of accounting. However, under several exceptions to this rule (e.g., average annual gross receipts of $26,000,000 or less for the most recent 3-year period), a C corporation can use the accrual method.

a. True
b. False

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The answer is true, a C Corp. can use the accrual method
User Defraggled
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