true or False Kon-Sultan, Corp. is a calendar year consulting C corporation using the accrual method of accounting. Kon-Sultan historically has bad debt write-offs of 15% of its revenues each year. Terms of their invoices provide for payment within 30 days of receipts; failure to pay within 30 days results in a .5% monthly service charge for late payment. Kon-Sultan learns of the non-accrual experience method and would like to apply it for the current taxable year when gross billings totaled $3 million. Kon-Sultan will be able to avoid the recognition of $450,000 of revenues in the current taxable year.

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