Apple Union (AU), a C corporation with a March 31 year end, uses the accrual method of accounting If AU elects to be taxed as an S corporation, what will its year end and overall method of accounting be (assuming no special elections) ...

AU can continue to use the accrual method of account ...

Apple Union (AU), a C corporation with a March 31 year-end, uses the accrual method of accounting.

Question:

Apple Union (AU), a C with a March 31 year-end, uses the accrual method of accounting. If AU elects to be taxed as an S what will its year-end and overall method of accounting be (assuming no special elections)?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...