Question: A partnership may use the cash method despite having a corporate partner when the partnership's average gross receipts for the prior three taxable years don't

A partnership may use the cash method despite having a corporate partner when the partnership's average gross receipts for the prior three taxable years don't exceed _____.

Multiple Choice

A- $5,000,000

b- $1,000,000

c- $26,000,000

d- Partnerships may never use the cash method if they have corporate partners

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