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elena55 [62]
3 years ago
10

Which of the following is a true statement about a request for a change in accounting method?A. Some requests are automatically

granted.B. Most requests require the permission of the Commissioner.C. Many requests require payment of a fee and a good business purpose for the change.D. Form 3115 is required to be filed with a request for change in accounting method.E. All of these are true.
Business
1 answer:
fiasKO [112]3 years ago
6 0

Answer: (E) All of these options are true

Explanation:

  The change in the accounting method is the process of changing the overall plan of the accounting in terms of gross income and the cash deduction. It is also change the material item in terms of treatment.

 The form 3115 is one of the application that required in the accounting method. This application is filed with the proper request to the IRS to change the accounting method. The IRS basically provide the automatic procedure for obtain the automatic consent for changing the method.

Therefore, Option (E) is correct.

 

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